Garanti Obtained USD 525 million Financing through DPR Securitisation
Garanti Obtained USD 525 million Financing through DPR Securitisation
On November 30th Garanti obtained USD 525 million through a Diversified Payment Right securitisation transaction. The transaction, underwritten by ING Bank and ABN AMRO, is closed in one month. Together with this last transaction the total long term foreign financing obtained via securitization in 2005 has totaled USD 1,425 million.