Announcement Regarding the Mortgage Covered Bond Programme
Announcement Regarding the Mortgage Covered Bond Programme
Reference: Garanti Bank Public Disclosure Dated August 17, 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 has been 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 the applications to the CMB in order to make bond issuances and private placements in favor of European Bank for Reconstruction and Development - EBRD have been completed and our Bank’s application has been approved and the proceeds of the issuance in the amount of 313.000.000 Turkish Lira equivalent to EUR 75 million have been transferred to Garanti Bank's accounts on August 15, 2017.
Accordingly, the CMB Drawdown Approval dated 14.08.2017 is enclosed herewith.