Banks in Turkey continue to work on syndication loans.

Following Yapı Kredi, Garanti BBVA also reported that it provided syndication.

Garanti BBVA announced that it has secured two tranches of syndicated loans with a maturity of 367 days, amounting to 199 million dollars and 218.5 million euros.

In the statement made by the bank to KAP, it was stated that the total cost of the loan was SOFR + 4.25% for the dollar tranche and Euribor + 4.00% for the euro tranche.

26 financial institutions from 13 countries participated in the syndication.

Source: Bloomberg HT