Branch² Intelligence
Turkiye Garanti Bankasi A.S.: CMB Approval for Bond Issuance to Foreign Markets
Key takeaway
Turkiye Garanti Bankasi receives CMB approval for foreign bond issuance, unlocking access to international capital markets.
- Step 1CMB approval removes regulatory barrier for Garanti to issue bonds in foreign markets.
- Step 2Successful issuance diversifies Garanti's funding base, lowering its cost of capital and extending debt maturity profile.
- Step 3Improved financial stability at Garanti reduces counterparty risk for UK SMEs using Garanti's London branch for trade finance or correspondent banking.
Source: FCA NSM (Regulated News)
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