TSKB joins Turkish sustainable bandwagon

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By Mariam Meskin
07 Jan 2021

The Industrial Development Bank of Turkey, Turkiye Sinai Kalkinma Bankasi (TSKB), has launched its debut sustainable bond, the latest in a string of Turkish bank issuers that have forayed into the ESG financing market over the last year.

The sustainable Reg S/144A senior unsecured  $350m five year bond launched at a yield of 6% on Thursday afternoon. By that point, books had exceeded $2bn. 

Initial price thoughts on Thursday morning were 6.5%-6.625%, later tightening to guidance of 6.25%-6.375% by Thursday afternoon. The notes are set to mature ...

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