$440M Secured: Renewed syndicated loan supports real economy and foreign trade under sustainability-linked framework.
Strong Global Backing: Participation from 43 banks across 20 countries reflects investor confidence in Turkey and Garanti BBVA.
Sustainability-Driven Finance: Proceeds aligned with climate and inclusive growth goals, reinforcing ESG leadership.
Garanti BBVA has renewed its sustainability-linked syndicated loan, securing over $440 million in foreign funding to support the Turkish economy—an initiative fully aligned with its Sustainable Debt Financing Framework.
The transaction, signed on June 3, 2025, includes four tranches:
367-day tranches: $95.75M (SOFR + 1.60%) and €99.275M (Euribor + 1.35%)
734-day tranches: $191.5M (SOFR + 2.00%) and €36M (Euribor + 1.75%)
This successful deal attracted 43 banks from 20 countries, underscoring Garanti BBVA’s robust position in international markets.
“We are delighted to have secured a new source of funding from international markets and to have completed this transaction successfully,” said Mahmut Akten, CEO of Garanti BBVA. “The strong demand for our syndication is a powerful sign of the trust that international investors place in Garanti BBVA and in our country.”
Garanti BBVA has been a trailblazer in sustainable finance in Turkey, integrating ESG priorities into its core strategy since 2020. As of April 2025, the bank had met its target of delivering TL 400 billion in sustainable finance between 2018 and 2025.
RELATED ARTICLE: Garanti BBVA Announces Intermediate Decarbonization Targets
“With this loan agreement grounded in sustainability, we are contributing to the foreign trade financing of the real economy while continuing to provide long-term support to the national economy,” Akten added.
The syndicated loan proceeds will be used for projects that align with climate mitigation and inclusive growth priorities, reinforcing Garanti BBVA’s position as a key enabler of Turkey’s ESG transition.
Follow ESG News on LinkedIn
