Garanti BBVA Grants Authorization for International Bond Issuance and Announces Cash Tender Offer for Two Bonds

Forex - Garanti BBVA (BME:BBVA) has announced a cash Tender Offer for two bonds while granting authorization for the issuance of capital-like (Basel III compliant) bonds in US Dollars to foreign institutional investors. According to a statement made by Garanti BBVA to the Public Disclosure Platform, the bank has authorized Banco Bilbao Vizcaya Argentaria, S.A, Citigroup Global Markets Limited, Standard Chartered Bank, Abu Dhabi Commercial Bank P.J.S.C., Emirates NBD Bank PJSC, Mizuho International plc, SMBC Nikko Capital Markets Limited, and Societe Generale for the issuance of these bonds. The bank also announced a cash Tender Offer for a Tier 2 bond with a nominal value of 750,000,000 US Dollars, maturing in 2027, with ISIN codes XS1617531063 and US900148AE73, on November 21, 2024. Banco Bilbao Vizcaya Argentaria, S.A. and Standard Chartered Bank have been authorized for the Tender Offer.