TSKB joins Turkish sustainable bandwagon

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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