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Garanti BBVA completes $125 million sustainable bond issuance
Garanti BBVA has completed a $125 million sustainable Tier II bond issuance in collaboration with a consortium including the IFC and DEG. The 10-year bond includes a call option starting from the fifth year.
The proceeds are intended to support the bank's capital structure while funding green and social investments. Specifically, green financing will target micro-enterprises and SMEs for investments in electric vehicles, energy-efficient equipment, and related technologies. Social financing efforts will focus on improving access to capital for women entrepreneurs within the SME sector.
Additionally, Garanti BBVA has introduced new 'Foreign Trade Packages' designed to help businesses managing imports and exports. These packages, categorized into Beginning, Advantage, and Prestige tiers, aim to provide more predictable transaction costs for international trade operations, including SWIFT transfers and check collections.
Entities
Atıl Özus · Cemal Onaran · DEG · Garanti BBVA · IFC
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Funds will support green investments for micro-enterprises and SMEs, such as electric vehicles and energy-efficient equipment. www.gazetebirlik.com · www.mersinhaber.com · www.sondakika.com
- [● 3 SOURCES] The issuance was conducted with a consortium including IFC and DEG. www.gazetebirlik.com · www.mersinhaber.com · www.sondakika.com
- [● 2 SOURCES] The bonds have a 10-year maturity with a call option starting from the 5th year. www.gazetebirlik.com · www.sondakika.com
- [● 3 SOURCES] Garanti BBVA completed a $125 million sustainable Tier II bond issuance. www.gazetebirlik.com · www.mersinhaber.com · www.sondakika.com
- [● 3 SOURCES] Social financing will be used to improve access to finance for female entrepreneur SMEs. www.gazetebirlik.com · www.mersinhaber.com · www.sondakika.com