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Summary: Garanti Funding Corp. II Sep 00

Standard & Poors, September 2000

Abstract
Garanti Funding Corp. II, a Cayman Island corporation and a wholly owned subsidiary of Turkiye Garanti Bankasi A.S.., a Turkish banking corporation, will issue up to $75 million in commercial paper notes. Proceeds from the sale of the notes will be used for general corporate funding purposes. Bayerische Hypo- und Vereinsbank AGhas issued a direct-pay letter of credit to provide for payment at maturity....

Companies mentioned in this report are:
- Turkiye Garanti Bankasi A.S.
- UniCredit Bank AG

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- Turkiye Garanti Bankasi A.S.
- UniCredit Bank AG

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