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Koç Tüketici Finansmanı AŞ corporate bond public offering
Subscriptions to the public offering of corporate bonds by Koç Tüketici Finansmanı AŞ (Koç Consumer Finance Inc) will be accepted at all GarantiBank branches on 17-18-19 September 2009.
Information about the bond issue
Subscription dates: 17-18-19 September 2009
Sales method: Fixed-price subscription
Bond unit/nominal value: TRL 100.00. (Single price will remain in effect throughout the three-day subscription period.)
Minimum purchase requirement: The minimum purchase requirement is TRL 1,000.00. Subscriptions will be accepted in excess of the minimum but must be in whole multiples of TRL 100.00. (TRL 1,100.00, TRL 1,200.00 etc.)
Bond type: Two-year maturity; coupon payment every six months; principal repayable at maturity
Maturity date: 20 September 2010
Coupon payment dates: 23 March 2009 / 21 September 2009 / 22 March 2010 / 20 September 2010
Bond interest rates: 19.75% (compound / yearly); 18.81% (straight / yearly)
Coupon interest rate: 9.405% (subject to withholding for tax)
Payment underwriters/guarantors: Payments will be made by Koç Tüketici Finansmanı AŞ. No other private individuals or corporate entities are acting as guarantors.
Subscription placements and accepted and methods: Subscriptions will only be accepted at Garanti branches and investment centers. Subscriptions will not be accepted through any alternative delivery channel (online branch, Alo Garanti, mobile branch, Paramatik).
Public offering model: Standby underwriting
Public offering nominal value: TRL 150,000,000.00
Subscription allocations: Bonds worth TRL 75,000,000.00 corresponding to 50% of the TRL 150,000,000.00 nominal value of the offering will be sold to private investors in Turkey; bonds worth TRL 37,500,000.00 corresponding to 25% of the nominal value will be sold to corporate investors in Turkey; bonds worth TRL 37,500,000.00 corresponding to 25% of the nominal value will be sold to corporate investors outside Turkey.
Forms of payment: Private investors in Turkey may subscribe against payment in cash or by posting securities (money-market fund shares or T-bills).
Acceptable margins on posted securities:
Money-market fund shares: 99% (TRL 99,000.00 worth of bonds may be subscribed to against posted money-market fund shares worth TRL 100,000.00.)
T-bills: 90% (TRL 90,000.00 worth of bonds may be subscribed to against posted T-bills worth TRL 100,000.00.)
Neither government bonds nor demand FX deposits may be posted as security for subscriptions.