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400 MILLION TLREF INDEXED LOAN FROM GARANTİ BBVA TO ENERJİSA
EDİN: AN IMPORTANT DEVELOPMENT FOR TRANSPARENCY AND RELIABILITY OF LOCAL FINANCIAL MARKETS
Garanti BBVA Corporate and Investment Banking Executive Vice President Ebru Dildar Edin said, "We anticipate that the usage of TLREF-indexed loans will become widespread. This mechanism provides an important opportunity for the development of the long-term TL credit market. One of the new options we offer is TLREF-indexed loans, especially while providing long-term financing needs of our customers in TL with the same currency (TL). We believe that the establishment of this mechanism, which provides advantages for both the financing party and the party having access to the financing, is an important development towards the transparency and reliability of the local financial markets. As Garanti BBVA, we will continue to support the expansion of this product, in other words, the development of the TLREF indexed loan market. ”
MOSER: WE ARE GLAD TO PIONEER THE PROMOTION OF TLREF MECHANISM
Enerjisa Energy CFO Michael Moser said in his statement on the topic, "With this loan, we have fulfilled the financing of the network and technology investments we will make in 2020. We think that the fact that the loan is both TLREF indexed and long-term prevents potential currency risks and is also very valuable in terms of financial sustainability. As Enerjisa Energy, we are also glad to pioneer the promotion of this mechanism. I am convinced the agreement will be beneficial for all of our stakeholders."