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Garanti Bank 8.375% 02/34 Bond
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USD
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Price
Yield
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Bond Description
Current Coupon
8.375%
Maturity Date
28/02/2034
Credit Risk
High
Currency
USD
Seniority
Subordinated
Coupon Type
Fixed-Fixed (Margin-over Index)
Country
TUR
Industry Type
Banks (Tier 2)
Callable
Yes
Perpetual
No
Guarantor
None
Bond RatingsUnrated
Issuer Rating1
Unrated
Last Rating Action
Not Applicable
Issuer Rating Watch/Outlook
Not Applicable
Issue Rating2
Unrated
Last Rating Action
Not Applicable
Yield Analysis
Yield3
7.96
Yield to Call
7.96
Z Spread (bps)
428.3
Duration
3.1
Next Coupon Date
28/08/2025
Accrued Interest
2.14
Next Call Date
28/02/2029
Next Call Price
100
Liquidity
Very Liquid
Next Reset Date
28/02/2029
Reset Index (Current Level)
4.050%
Spread
409bp
Reset Index
H15T5Y (US Treasury Yield Curve Rate T 5Y)
Bond Additional Information
ISIN Code
XS2773062471
Registration Type
Regulation S
Amount Issued
500,000,000
Amount Outstanding
500,000,000
Issue Date
28/02/2024
Issue Price
100
Coupon Frequency
2
Day Count
ISMA-30/360 NONEOM
Redemption Value
100
Min. Denomination
200,000
Footnotes:
1 Issuer rating is the Long-Term Issuer Default Rating (IDR). Ratings data provided by Fitch Ratings.
2 Issue rating is the Long-Term Issue Rating. Ratings data provided by Fitch Ratings.
3 Yield displays YTM. Exceptions are perpetuals, which will display "Not Applicable", and fix-to-float bonds, which will assume constant rate of coupon projection.