EBRD boosts green finance in Turkiye by investing in DenizBank's green bond
Turkey, Sept. 19 -- The European Bank for Reconstruction and Development (EBRD) has invested US$ 100 million (€86.4 million) in a green bond issuance by Turkiye's DenizBank in a bid to increase access to green finance in the country.The total size of this bond issuance is approximately US$ 270 million (€233.2 million). The proceeds will be used to finance eligible green projects in the private sector, including renewable energy projects, energy efficiency initiatives and green buildings.The green bond is being issued under DenizBank's Sustainable Finance Framework (which complies with the International Capital Market Association's Green Bond Principles) and is one of a number of such issuances by the bank, which total approximat...
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