Announcement Regarding the Mortgage Covered Bond Programme
Announcement Regarding the Mortgage Covered Bond Programme
Reference: Garanti Bank Public Disclosure Dated October 12, 2017
It was announced with the public disclosure referenced above that as per the resolution of the Bank's Board of Directors dated November 3rd, 2016, the Head Office was authorized to apply to the CMB and BRSA for the renewal of mortgage covered bonds issuance approval up to EUR 2 billion in total or equivalent in any other currency including Turkish Lira, to be sold without public offering, outside Turkey and our Bank’s application to the CMB in order to make bond issuances and private placements has been approved.
Accordingly, the proceeds of the issuance in the amount of 840.320.000 Turkish Lira equivalent to EUR 200 million have been transferred to Garanti Bank's accounts on October 13, 2017.