The Green / SRI Bond Deal of the Year won by TSKB

The Industrial Development Bank of Turkey (TSKB) has been awarded with the “EMEA Green / SRI Bond Deal of the Year ” within the scope of the Sustainable and Responsible Capital Markets Forum, organised by Euromoney and GlobalCapital.

GlobalCapital SRI Awards have been presented to the winners at the ceremony organised within the scope of the Sustainable and Responsible Capital Markets Forum, which was held by Euromoney and GlobalCapital. While TSKB was awarded with the “EMEA Green / SRI Bond Deal of the Year”, it also reached the final shortlist in the category of the “Most Innovative Green / SRI Bond Deal of the Year”.

The prize was presented to TSKB at the inaugural award ceremony held in Amsterdam, on September 6, 2016.

Suat İnce, the CEO of TSKB, who pointed out that sustainable growth has gained great importance in a world which is developing and rapidly increasing in population , said, “This year, we have put our name to yet another innovation in the field of sustainability, by becoming the first Bank to issue a “Green / Sustainable Bond” in the international debt capital markets in our region. Our green bond issue attracted 13 times demand than the issue size and received a demand of 4 billion dollars from 317 institutional investors. We are happy that our sustainability journey, which we have been pursuing with great dedication since early 80’s, has once again been crowned with the “EMEA Green / SRIBond Deal of the Year” award. I express my sincerest thanks to the TSKB team who carried our bank to this achievement.”

İnce, who also provided information concerning the activities of the TSKB in the field of sustainability, said, “As TSKB, the loans we have provided to sustainability investments have surpassed 50% of our portfolio. With this rate, we are proud to have contributed to the 8.3 million tons fall in the annual emissions of carbon-dioxide in Turkey. On the other hand, we are integrating the philosophy of sustainability into all of our banking services and processes.”

GlobalCapital, which has joined forces with the Euromoney Conferences platform this year, has held the first Sustainable and Responsible Capital Markets Awards following this union. During June, July and August; banks, investors and third parties were invited to vote for the organisations to be considered worthy of the awards. A widespread population throughout the world took part in the voting process, as a result of which the winners were determined.