Turkiye Sinai Kalkinma Bankasi $300 million 4.875% green bond issue

17/5/2016
Investment grade bond/note issue, Green bond issue

$ 300 million

Completed

17/5/2016


Overview:

  • Türkiye Sınai Kalkınma Bankası has completed the issue of a $300 million green bond, the first ever green bond by a Turkish issuer.
  • The 4.875% bond is due in 2021.
  • Proceeds from the bond will be used for private sector investments in renewable energy, energy efficiency and other areas that reduce greenhouse gas emissions.

Jon Moore - Journalist

Jurisdiction:

Turkey

Deal types:

Investment grade bond/note issue
Green bond issue

Practice area:

Capital markets : Debt

Industry sector:

Energy


Firm:

Party: Türkiye Sınai Kalkınma Bankası (Issuer)