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 dated December 5, 2013, T. Garanti Bankası A.Ş. has been authorized to issue two bank bonds and a discounted bank bond in the aggregate nominal amount of TL 750 million; consisting of bank bonds in the nominal amount of TL 400 million with a maturity of 105 days, bank bonds in the nominal amount of TL 200 million with a maturity of 178 days and a discounted bank bond in the nominal amount of TL 150 million with a maturity of 388 days, and to increase the amount of public offering from the nominal amount of TL 750 million to the nominal amount of TL 950 million in case of excess demand.
On December 19, 2013, the issue price of the bank bond with a maturity of 105 days was determined as TL 97.656, at a simple yield of 8.34377% and a compound yield of 8.59466%, the issue price of the bank bond with a maturity of 178 days was determined as TL 95.771, at a simple yield of 9.05475% and a compound yield of 9.26493%, and the issue price of the discounted bank bond with a maturity of 388 days was determined as TL 90.344, at a simple yield of 10.05447% and a compound yield of 10.02376%
As a result of book building dated December 17-18-19, 2013 the total demand from the investors for the bank bonds and discounted bank bond in the total nominal amount of TL 750 million was in the nominal amount of TL 855,793,530. The amount of total issuance is increased to TL 855,793,530.
The issuance and allocation amounts of the bank bonds and discounted bank bond regarding the public offering and the number of investors who gained the right to buy bank bonds are presented in the attached table.