Garanti BBVA issued Turkey's first biodiversity blue bond in October 2025, raising USD 20.22 million through an instrument with a three-year maturity and directing the proceeds to finance the sustainable management of marine ecosystems in the Mediterranean basin.
PROCEEDS SUPPORT MEDITERRANEAN MARINE ECOSYSTEMS
Funds raised through the bond will support the sustainable management of marine ecosystems in the Mediterranean basin, according to the bank's announcement.
The transaction builds on Garanti BBVA's existing blue finance programme. The bank stated it had provided approximately TRY 1 billion in blue finance since the start of 2024.
BANK SETS TRY 3.5 TRILLION SUSTAINABLE FINANCE TARGET
Garanti BBVA has set a sustainable financing target of TRY 3.5 trillion for the period from 2018 to 2029.
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