ISTANBUL – Türkiye Garanti Bankası A.Ş., a prominent Turkish bank, announced the redemption prices for a series of warrants with a maturity date of December 31, 2024. The warrants, linked to various underlying assets such as , , and currency pairs, were settled with the maturity prices listed in a detailed table provided by the bank.
The redemption prices for the call warrants on USD/TRY, EUR/USD, and GBP/USD were all set at 0.00, indicating no value at maturity. On the other hand, put warrants on these currency pairs saw maturity prices ranging from 0.17 to 2.78, depending on the specific contract and underlying asset type. The multiplier for all warrants was established at 1.
Payments related to these warrants will be processed by Merkezi Kayıt Kuruluşu A.Ş. (MKK), the central securities depository of Turkey, on Monday, January 6, 2025. This financial event is a standard procedure for the expiration and settlement of derivative instruments such as warrants, which give holders the right but not the obligation to buy or sell an underlying asset at a specified price before a certain date.
Investors holding these warrants will now be looking to MKK for the payment processing following the maturity of their financial instruments. The bank emphasized that in case of any discrepancies between the Turkish and English versions of the public disclosure, the Turkish version would prevail.
The information provided in this announcement is based on a press release statement from Garanti BBVA (BME:), ensuring that the stated facts are in accordance with the principles included in the Board’s Communiqué, Serial II Nr.15.1. The bank also affirms that the information is consistent with their records and that they have made all necessary efforts to provide accurate and complete information regarding the matter.
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