Turkiye Garanti Bankasi A.S. Applies for CMB Approval for New Debt Issuance

Turkiye Garanti Bankasi A.S. has submitted an application to the Capital Markets Board (CMB) for the issuance of bonds and subordinated debts. These financial instruments are eligible to be included in the bank's equity calculation. The proposed issuance could total up to USD 6 billion, or its equivalent in Turkish Lira or other foreign currencies. The securities will be sold in one or more international issuances, potentially with fixed or floating interest rates, depending on market conditions.

This move follows the board's decision on May 7, 2026, to authorize the Head Office to proceed with this significant financial strategy. The bank seeks to issue these instruments outside Turkey without a public offering. Garanti BBVA assures that these statements conform to the regulatory requirements and reflect accurate information. The initiative is part of the bank's broader strategy to strengthen its financial standing by diversifying its funding sources.