Syndication
Garanti BBVA has two outstanding syndicated loans;
- On 01.06.2023 our Bank has signed a syndicated loan agreement with 367 days maturity in the amount of US $ 199.000.000 and € 218.500.000 comprising of two separate tranches. The loan which will be used for trade finance purposes has been executed with commitments received from 26 financial institutions from 13 countries. The all-in cost for USD and EUR tranches have been realized as Sofr + 4.25% and Euribor + 4.00% respectively.
- On 04.12.2023 our Bank has signed a syndicated loan agreement with 367 days maturity in the amount of US $ 259,500,000 and € 142,500,000 comprising of two separate tranches. The loan which will be used for trade finance purposes has been executed with commitments received from 35 financial institutions from 19 countries. The all-in cost for USD and EUR tranches have been realized as SOFR + 3.50% and Euribor + 3.25% respectively.