Garanti launches ESG-linked loan amid global turmoil

Turkey flag adobe stock AS 230x150
By Mike Turner
12 Mar 2020

Garanti BBVA has launched the first environmental, social and governance loan from Turkey's banking sector, as the syndicated loan primary market continues to be one of the few hardy spots in a financial system hit by the coronavirus and oil price panic.

The new loan will refinance a deal that becomes due on May 20 and despite the huge global market swings this week, Garanti is confident it will get the deal done in time.

"The timeline is in line with our target and there is no delay in the process," ...

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