on Turkiye Garanti Bankasi A.S. (isin : US9001487019)
Turkiye Garanti Bankasi A.S. Secures Syndicated Loan
Turkiye Garanti Bankasi A.S. announced the signing of a syndicated loan agreement on December 2, 2024. The loan amounts to $244 million and €162.4 million, divided into two tranches with a maturity of 367 days. This financing will support general trade finance activities and eligible sustainability projects. Contributions came from 43 financial institutions across 21 countries, highlighting global confidence in Garanti BBVA's initiatives.
The cost structure for the loan is set at SOFR + 1.75% for the USD tranche and Euribor + 1.5% for the EUR tranche. These terms reflect the current market conditions and the bank's strategic financial planning. The announcement aligns with regulatory requirements, ensuring transparency and accountability.
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