Turkiye Garanti Bankasi A.S. Sets $6 Billion Limit for Foreign Debt Issuance

On May 7, 2026, Turkiye Garanti Bankasi A.S.'s Board of Directors approved a significant resolution. The Board authorized the issuance of foreign debt instruments amounting to $6 billion. This issuance can include bonds, subordinated debts, and other forms of debts that may be incorporated into equity calculations.

The authorization allows for various series and maturities, with fixed or floating interest rates, to be sold outside of Turkey. The actual terms will depend on market conditions at the time of issuance. This decision was made to enhance the financial flexibility of the bank without public offering constraints.

This strategic move underscores Turkiye Garanti Bankasi A.S.'s commitment to maintaining robust capital management practices amidst evolving market landscapes. The bank aims to optimize its financial structure and ensure sustained growth and stability.