Akbank dips into near deserted green market

AdobeStock_Akbank_575x375_30June2020
By Mariam Meskin
07 Aug 2020

Akbank, one of Turkey’s largest financial institutions, has raised a green bond, the first of its kind from the country since the Covid-19 pandemic began.

The $50m bond has a tenor of four years and 110 days and a coupon of 6.05%. HSBC was bookrunner on the deal.

The bond adheres to ICMA's Green Bond Principles. As such, proceeds from the issuance will be used to fund the bank’s renewable energy projects ...

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