The Investor
09 Dec 2025, 18:02
Garanti BBVA has completed a new sustainability-linked syndicated loan as part of its international funding program, drawing participation from 49 financial institutions across 22 countries.
The loan package includes a one-year tranche (€61 million / $97.75 million), a two-year tranche (€28 million and $157 million), and a three-year tranche ($75 million). Pricing for the 367-day tranche was SOFR + 1.50 percent (USD) and Euribor + 1.25 percent (EUR); for the 736-day tranche SOFR + 1.90 percent and Euribor + 1.65 percent; and for the 1,103-day tranche SOFR + 2.15 percent.
CEO Mahmut Akten highlighted the strong confidence shown by international investors, noting that the three-year tranche reflects long-term trust. He said the funding will support Garanti BBVA’s sustainable debt financing framework and contribute to environmental and social impact initiatives, reinforcing the bank’s commitment to creating lasting value for Turkey’s economy.
The loan package includes a one-year tranche (€61 million / $97.75 million), a two-year tranche (€28 million and $157 million), and a three-year tranche ($75 million). Pricing for the 367-day tranche was SOFR + 1.50 percent (USD) and Euribor + 1.25 percent (EUR); for the 736-day tranche SOFR + 1.90 percent and Euribor + 1.65 percent; and for the 1,103-day tranche SOFR + 2.15 percent.
CEO Mahmut Akten highlighted the strong confidence shown by international investors, noting that the three-year tranche reflects long-term trust. He said the funding will support Garanti BBVA’s sustainable debt financing framework and contribute to environmental and social impact initiatives, reinforcing the bank’s commitment to creating lasting value for Turkey’s economy.