The results of the public offering of the bank bonds
The results of the public offering of the bank bonds
In accordance with the circular approval of Capital Markets Board of Turkey dated March 21, 2013, T. Garanti Bankası A.Ş. has been authorized to issue bank bonds in the aggregate nominal amount of TL 750 million; consisting of bank bonds in the nominal amount of TL 450 million with a maturity of 102 days, bank bonds in the nominal amount of TL 150 million with a maturity of 178 days and discounted bank bonds in the nominal amount of TL 150 million with a maturity of 368 days, and to increase the amount of public offering from the nominal amount of TL 750 million to the nominal amount of TL 1 billion in case of excess demand.
On March 29, 2013, the issue price of the Bank Bond with a maturity of 102 days was determined as TL 98.223, at a simple yield of 6.47391% and a compound yield of 6.62635%, the issue price of the Bank Bond with a maturity of 178 days was determined as TL 96.839, at a simple yield of 6.69340% and a compound yield of 6.80823%, and the issue price of the discounted Bank Bond with a maturity of 368 days was determined as TL 93.359, at a simple yield of 7.05541% and a compound yield of 7.05341%.
As a result of book building dated March 27-28-29, the total demand from the investors for the bank bonds and discounted bank bonds in the total nominal amount of TL 750 million was in the nominal amount of TL 831,276,423. The amount of total issuance is increased to 831,276,423 TL.
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 and discounted bonds are presented in the attached table.