IFR Award for the TSKB Green Bond issuance

TSKB’s ‘Green / Sustainable Bond’ issuance, a first to be out of Turkey and wider CEEMEA region, has received ‘Sustainable Bond Award of the Year’ by the International Financing Review Magazine (IFR).

TSKB, which issued the first Green / Sustainable Bond of Turkey and wider CEEMEA region last year, has won another prestigious award. IFR magazine published by Thomson Reuters extended TSKB with ‘Sustainable Bond Award of the Year’ as for 2016 awards.

The IFR Awards ceremony was held at Grosvenor House in London on 24 January 2017. Suat İnce, the CEO of TSKB, received the award on behalf of TSKB.

Suat İnce pointed out that they were the first bank to issue a ‘Green / Sustainable Bond’ in Turkey, and with this award they felt appreciation in the international arena again. He stated, “We set off with the aim of contributing to sustainable development of our country with the first green bond issuance. Our 5 years tenor Green / Sustainable Bond issuance with the 300 million dollars of a size showed a very successful execution. The deal oversubscribed by 13 times and reached the largest ever order book for Financial Institutions in Turkey. The success was also a consequence of us being a mission Bank dedicated to contribute to sustainable growth in Turkey since early 80s. Being awarded with the ‘Sustainable Bond of the Year’ by the IFR further to Global Capital is a source of pride for us. I express my sincerest thanks to my whole team who carried our bank to this achievement.”

GlobalCapital had previously awarded TSKB with “EMEA Green/SRI Bond Deal of the Year.