Garanti Bank Redeems €20M MTN Debt After Two Years

Turkiye Garanti Bankasi A.S., commonly known as Garanti Bank, has announced the redemption of a €20 million medium-term note (MTN) instrument as part of its ongoing financial restructuring efforts. The debt, issued abroad under the bank’s global MTN program (identifier XS3184156928), was originally launched on September 16, 2025, and was redeemed on a date announced in advance, following a press release dated September 23, 2026. The bank had previously disclosed the issuance in its September 16, 2025, public statement, though no further details on the terms or conditions of the redemption were provided in the latest update. The transaction reflects a two-year holding period before the debt was settled, with no additional financial or operational implications disclosed in the announcement.