Update: Market Chatter: BBVA Working on Risk Transfer Linked to Turkish Loans

MT Newswires Live
Yesterday

(Updates with BBVA declined to comment in the last paragraph.)

Banco Bilbao Vizcaya Argentaria (BBVA) is working on a significant risk transfer tied to about 100 billion liras ($2.1 billion) worth of corporate loans in Turkey, Bloomberg reported Tuesday, citing people familiar with the matter.

The loans to small and mid-size companies were made by BBVA's Turkish unit, Garanti, the report said. World Bank Group's International Finance Corp. could participate as an anchor investor, the report said.

BBVA declined to comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 28.71, Change: -0.25, Percent Change: -0.86

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10