Announcement Regarding Results of Bond Issuance
Announcement Regarding Results of Bond Issuance
Pursuant with the Capital Markets Board approval dated August 1, 2014; T. Garanti Bankası A.Ş has been authorized regarding (i) the public offering of 94-day maturity bank bonds in the nominal amount of 175,000,000 TL, 175-day maturity bank bonds in the nominal amount of 50,000,000 TL and 368-day maturity discounted bonds in the nominal amount of 475,000,000 TL (in total 700,000,000 TL nominal amount) and, (ii) the increase of the public offering issuance amount up to a nominal amount of 1,000,000,000 TL, in case of an excess demand from investors.
On August 15, 2014 , Simple Interest Rate of 94-day Garanti Bank Bonds has been determined as 9.07602%, Compound Interest Rate as 9.38633% and Selling Price as 97.716 TL; as to 175-day Garanti Bank Bonds Simple Interest Rate has been determined as 9.39888%, Compound Interest Rate as 9.62910% and Selling Price as 95.688 TL; and as to 368-day Discounted Bonds Simple Interest Rate has been determined as 10.03031%, Compound Interest Rate as 10.02631% and Selling Price as 90.816 TL.
The demand and distribution amounts related to the public offering on the basis of investor groups and the details of the number of investors who became entitled to take bank bonds and discounted bonds are presented in the table below.