Akbank issues debut green covered bond to EIB

Akbank Wiki 230x150
By Bill Thornhill
02 Aug 2017

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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.