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 December 21, 2012 and numbered B.02.6.SPK.0.13.00.105-04.02-2753-12065 and Board Registration Certificate numbered 86/BB-1187 and 106/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 400 million with a maturity of 77 days, bank bonds in the nominal amount of TL 200 million with a maturity of 179 days and bank bonds in the nominal amount of 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 1,000 million in case of excess demand.
On January 11, 2013, the issue price of the Bank Bond with a maturity of 77 days was determined as TL 98.667, at a simple yield of 6.40413% and a compound yield of 6.56795%, the issue price of the Bank Bond with a maturity of 179 days was determined as TL 96.873, at a simple yield of 6.58211% and a compound yield of 6.69254% and the issue price of the Bank Bond with a maturity of 368 days was determined as TL 93.451, at a simple yield of 6.95082% and a compound yield of 6.94888%.
As a result of the book building dated January 9-10-11, 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 TL 1,235,926,431.Thus, the notional amount of bonds issues was increased to TL 1,000 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.