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 September 18, 2013, T. Garanti Bankası A.Ş. has been authorized to issue bank bonds and floating rate bond in the aggregate nominal amount of TL 650 million; consisting of bank bonds in the nominal amount of TL 375 million with a maturity of 85 days, bank bonds in the nominal amount of TL 225 million with a maturity of 141 days and a floating rate bond in the nominal amount of TL 50 million with a maturity of 473 days, and to increase the amount of public offering from the nominal amount of TL 650 million to the nominal amount of TL 900 million in case of excess demand.
On September 25, 2013, the issue price of the Bank Bond with a maturity of 85 days was determined as TL 98.263, at a simple yield of 7.59073 % and a compound yield of 7.81474 %, the issue price of the Bank Bond with a maturity of 141 days was determined as TL 97.038, at a simple yield of 7.90164% and a compound yield of 8.09436 %, and the issue price of the floating rate bond with a maturity of 473 days was determined as TL 100, at a compound yield of 8.10354% and 1st coupon rate of 0.6855, 2nd coupon rate of 0.6640, 3rd coupon rate of 0.6855.
As a result of book building dated September 23-24-25,2013 the total demand from the investors for the bank bonds and floating rate bond in the total nominal amount of TL 650 million was in the nominal amount of TL 667,294,656. The amount of total issuance is increased to TL 667,294,656.
The issuance and allocation amounts of the bank bonds and discounted 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.