Akbank issues debut green covered bond to EIB
Akbank has sold its first mortgage-backed covered bond. The deal, which will fund green projects, was privately placed with the European Investment Bank.
The €200m (equivalent) Turkish lira six year deal, which settled on Friday, July 28, matures in 2023.
Akbank will use proceeds to lend to small and medium sized companies for financing renewable energy and energy efficiency projects, the bank said in a statement.The transaction is ...
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