DenizBank and ADB issue green bonds worth 100 million dollars.

DenizBank and ADB's First Collaboration: 100 Million Dollar Green Bond

DenizBank has raised 100 million dollars through its first green bond issuance in the private sector in Turkey in collaboration with the Asian Development Bank (ADB). This 5-year term green bond will be used to finance renewable energy projects, energy efficiency, green building investments, emissions reduction, water and waste management, and sustainable transportation projects within the bank's Sustainable Finance Framework.

Green Bond Issuances and Portfolio Development

DenizBank's Assistant General Manager of Treasury and Financial Institutions Group Bora Böcügöz stated that this transaction will make a significant contribution to the development of the green bond market in Turkey. Böcügöz mentioned that the total amount of existing green bonds has reached 453 million dollars and that the share of sustainable funding sourced from abroad has risen to 53 percent.

Long-Term Goals and Climate-Friendly Investments

ADB's Director General for Private Sector Operations Isabel Chatterton emphasized that the investment will contribute to DenizBank's efforts to scale climate finance in Turkey, adding that it will increase private sector participation in projects aimed at combating climate change.