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 November 05, 2012 and numbered B.02.6.SPK.0.13.00.105-04.02-2450-10606 and Board Registration Certificates numbered 69/BB-1187 and 89/T-1187, 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 300 million with a maturity of 91 days, bank bonds in the nominal amount of TL 300 million with a maturity of 179 days, and the bank debentures 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 950 million in case of excess demand.
On November 12, 2012, the issue price of the Bank Bond with a maturity of 91 days was determined as TL 98.446, at a simple yield of 6.33147% and a compound yield of 6.48353%, the issue price of the Bank Bond with a maturity of 179 days was determined as TL 96.807, at a simple yield of 6.72561% and a compound yield of 6.84092%, and the issue price of the Bank Debenture with a maturity of 368 days was determined as TL 93.120, at a simple yield of 7.32809% and a compound yield of 7.32593%.
As a result of the book building dated November 7-8-9, the total demand from the investors for the bank bonds in the total nominal amount of TL 750 million was in the nominal amount of TL1,207,521,823. Total amount of public offering was increased to TL 950 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 are presented in the attached table.