Garanti BBVA Redeems EUR 30M MTN Issued in 2025

Turkish banking group Garanti BBVA has announced the redemption of a EUR 30 million medium-term note (MTN), a debt instrument issued under its international MTN program. The transaction, valued at the time of issuance, was completed in Istanbul on Monday and involved a security identified by its ISIN code XS3184157066. The note was originally issued abroad on September 16, 2025, as part of the bank’s broader MTN program, which allows financial institutions to raise debt with varying maturity terms. Garanti BBVA, which operates under the name Turkiye Garanti Bankası A.S., has not disclosed specific terms of the redemption, including interest rates or coupon payments, but the transaction reflects the bank’s ability to manage its foreign-currency liabilities amid evolving capital market conditions.