ISTANBUL – Türkiye Garanti Bankası A.Ş., a prominent Turkish bank, announced the redemption prices of a series of warrants maturing on December 31, 2024. The warrants, linked to various underlying assets such as , , and currency pairs, were settled at the maturity prices listed in detailed table provided by the bank.
Strike prices for USD/TRY, EUR/USD and GBP/USD call orders are set at 0.00, indicating no value at maturity. On the other hand, put warrants on those currency pairs had maturity prices ranging from 0.17 to 2.78, depending on the specific contract and the type of underlying asset. The multiplier for all orders is set at 1.
Payments related to these orders 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 the 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 the underlying asset at at a certain price before a certain date.
Investors holding these warrants will now look to MKK to process payments upon maturity of their financial instruments. The bank emphasized that in case of any inconsistencies between the Turkish and English versions of the public announcement, the Turkish version will prevail.
The information provided in this announcement is based on the press release of the company Garanti BBVA (BME:), which ensures that the stated facts are in accordance with the principles included in the Management Communiqué, Serial II Nr.15.1. The Bank also confirms that the information is in accordance with their records and that they have taken all necessary efforts to provide accurate and complete information regarding the subject matter.
This article was generated with the help of AI and reviewed by an editor. See our T&C for more information.
