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Technology> APPs 19 Apr 2024

Garanti BBVA Crypto receives ‘Pioneer of Digital Finance’ award

Garanti BBVA Digital Asset’s crypto app, ‘Garanti BBVA Crypto’ was recently presented the award for ‘Pioneers of Digital Finance’ by KPMG Turkey and the Financial Innovation and Technology Association (FINTR).
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Debt issuance

BBVA places €1.75 billion of senior preferred debt, with the issue 2x oversubscribed

BBVA tapped the market this Wednesday with a €1.75 billion senior preferred debt issue, structured in two tranches. Demand was double the final placement, with orders reaching €3.5 billion. The first tranche, with a three-year maturity (June 2027), closed at a rate of three-month Euribor +45 basis points (versus an initial price of three-month Euribor +70 to 75 basis points). The second tranche, with a six-year maturity (June 2030), closed at the mid-swap rate + 75 basis points, versus an initial price of mid-swap + 100 basis points.

Held for the second time this year, the awards aim to support Turkey’s fintech ecosystem, strengthening its role both regionally and globally; and to recognize the banks and fintech companies that encourage innovation in the Turkish financial sector, boosting the sector’s digital transformation. The award ceremony took place as part of Istanbul’s Fintech Week - Turkey's first and largest global financial technology event, sponsored in part by Garanti BBVA.

This recognition is the result of assessing the Garanti BBVA Crypto app in eight different categories: innovation and technology use, innovative products and services, value proposition, strategic collaborations and growth outlook for both fintech companies and banks.