Garanti BBVA Draws Global Surge for New Green Syndicated Loan

Garanti BBVA has strengthened its international borrowing capacity with a new sustainability-themed syndicated loan package, executed under its global funding program and structured across 1-year, 2-year, and 3-year maturities. The transaction, which attracted significant participation from international financial institutions, stands out for its inclusion of a new 3-year tranche, reflecting rising appetite for longer-term exposure to Turkey’s banking sector.

According to the statement shared with ForInvest Haber, the deal represents one of the most notable syndicated borrowing operations of the year, given the combined scale, tenor diversification, and strong international response.

Breakdown of the Multi-Layered Loan Structure

The total facility includes USD, EUR, and multi-tenor tranches, designed to meet the bank’s foreign-currency funding needs while supporting sustainability-driven lending frameworks. The bank disclosed the following composition:

• 367-day tranches:
  • 97.75 million USD
  • 61 million EUR

• 736-day tranches:
  • 157 million USD
  • 28 million EUR

• 1103-day tranche:
  • 75 million USD

These figures highlight a well-balanced borrowing profile that blends short-term rollover needs with medium-term stability, offering Garanti BBVA enhanced visibility into its foreign-currency liquidity cycle.

Competitive Pricing Reinforces Investor Confidence

The pricing of the tranches also reveals a favorable cost structure for the bank amid shifting global interest rate dynamics. Garanti BBVA reported the following all-in costs:

• 367-day USD tranche: SOFR + 1.50%

• 367-day EUR tranche: Euribor + 1.25%

• 736-day USD tranche: SOFR + 1.90%

• 736-day EUR tranche: Euribor + 1.65%

• 1103-day USD tranche: SOFR + 2.15%

Participation came from 49 financial institutions across 22 countries, underscoring the bank’s ability to maintain diversified funding relationships even during periods of global market volatility. The inclusion of a three-year maturity—still relatively rare among syndications in emerging markets—adds further strength to the transaction.

Garanti BBVA Management Highlights Confidence and Sustainability Focus

Garanti BBVA CEO Mahmut Akten commented on the significance of the new facility, underlining both the strong demand and the message it sends to global markets:

“Aralık döneminde gerçekleştirdiğimiz sendikasyon işlemine gösterilen yoğun ilgi, uluslararası yatırımcıların Garanti BBVA’ya ve ülkemize duyduğu güveni bir kez daha teyit ediyor. Sektörde bu yıl pek çok banka tarafından üç yıllık dilimlerin de açılması ve katılım sağlayan finansal kurumların tahsis ettiği tutarlar, bu güvenin en somut göstergelerinden biri oldu. Sürdürülebilirliği odağına alan bu yapı sayesinde reel sektörün dış ticaret finansmanına katkı sağlarken, çevresel ve sosyal alanda pozitif etki yaratan projelerin desteklenmesine devam edeceğiz. Garanti BBVA’nın uluslararası piyasalardaki güçlü konumu ve sürdürülebilir finans vizyonuyla ülkemizin ekonomisine uzun vadeli değer katmayı sürdüreceğiz.”

Akten’s remarks reinforce the central message of the deal: international investors continue to view both Garanti BBVA and Turkey’s broader financial landscape with long-term confidence, especially when transactions emphasize sustainability-linked outcomes.

Sustainability Framework Remains at the Heart of Garanti BBVA’s Funding Strategy

As in previous transactions—including the bank’s June operations—the new syndicated loan will be deployed under Garanti BBVA’s sustainable debt financing framework. This model links the use of proceeds to environmental and social criteria, including:

• Financing projects that reduce carbon intensity

• Supporting social impact investments

• Promoting sustainable trade and export activities

• Improving corporate transitions to greener business models

By channeling syndicated funding into sustainability-linked initiatives, Garanti BBVA reinforces its goal of aligning its long-term financing strategy with global ESG benchmarks. The bank also aims to further expand access to external trade finance for the real sector—a critical component for Turkey’s export-driven growth model.

A Signal of Stability and Long-Term Commitment

With global financial conditions fluctuating throughout 2025, the successful execution of this multi-tenor loan stands out as a clear indicator of Garanti BBVA’s resilience, diversified international relationships, and credibility in sustainable finance. The strong demand, combined with the introduction of a three-year tranche, suggests that investors are increasingly comfortable extending longer-term funding to Turkish institutions.