European Bank for Reconstruction and Development (EBRD) has invested US$50 million in a green bond issued by QNB Finansbank A.Ş. (QNB Finansbank), a leading Turkish bank. This is the first green bond issuance of QNB Finansbank aiming to finance internationally certified green building projects in its portfolio.
The green bonds are issued with a three-year maturity under QNB Finansbank’s existing US$5 billion GMTN Programme and are aligned with the ICMA’s Green Bond Principles and the Sustainability Bond Guidelines.
Paksoy’s capital markets team led by partner Omer Collak together with senior associate Nazlı Tönük Çapan advised the investor, EBRD, on this transaction.
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