The results of the public offering of the bank bonds
The results of the public offering of the bank bonds
In accordance with the approval of the Capital Markets Board of Turkey regarding the offering circular and updated prospectus of Garanti Bank bonds dated January 25, 2013, T. Garanti Bankası A.Ş. has been authorized to issue bank bonds in the aggregate nominal amount of TL 500 million; consisting of bank bonds in the nominal amount of TL 350 million with a maturity of 88 days, discounted bank bonds in the nominal amount of TL 100 million with a maturity of 368 days and fixed rate coupon bank bonds in the nominal amount of TL 50 million with a maturity of 728 days and to increase the amount of public offering from the nominal amount of TL 500 million to the nominal amount of TL 650 million in case of excess demand.
On February 08, 2013, the issue price of the Bank Bond with a maturity of 88 days was determined as TL 98.599, at a simple yield of 5.89353% and a compound yield of 6.02668%, the issue price of the discounted Bank Bond with a maturity of 368 days was determined as TL 93.862, at a simple yield of 6.48608% and a compound yield of 6.48439% and the issue price of the fixed rate coupon Bank Bond with a maturity of 728 days was determined as TL 100, at a simple yield of 6.5374% and a coupon rate of 1.63435%.
As a result of the book building dated February 6-7-8, the total demand from the investors for the bank bonds in the total nominal amount of TL 500 million was in the nominal amount of TL 607,498,230.Thus, the total amount of public offering was increased to TL 607,498,230 million.
The issuance and allocation amounts of the bank bonds regarding the public offering and the number of investors who gained the right to buy bank bonds, discounted bank bonds and fixed rate coupon bank bonds are presented in the attached table.