Garanti BBVA secured a syndicated loan

Garanti BBVA provided a syndicated loan of USD 155 million and EUR 238.5 million with a maturity of 367 days. According to the statement made by Garanti BBVA, the syndicated loan agreement consisting of two separate tranches of USD 155 million and EUR 238.5 million with a maturity of 367 days was signed with the participation of 23 banks from 13 countries. In the statement made to the Public Disclosure Platform, the total cost of the loan to be used for foreign trade financing and general corporate purposes was realized as SOFR + 4.25 percent and Euribor + 4 percent, respectively. Having implemented the world's first syndicated loan based on ESG criteria two years ago, Garanti BBVA had signed another first in May 2022 and carried out the transaction focused on social criteria. With this transaction, the bank continued its loan structure indexed to social criteria.