TSKB has won the “Islamic Finance Deal of the Year in Europe” Award rewarded by The Banker
TSKB was awarded the first prize in The Banker Magazine's "Islamic Finance Deal of the Year in Europe" category with the issuance of a Sustainable Lease Certificate (Sukuk) worth 50 million TL completed under the 450 million TL Sukuk Issuance Program it created on behalf of Zorlu Energy.
Making its mark through its innovative sustainability projects introduced in the finance sector, the Industrial Development Bank of Turkey (TSKB) adds another one to its awards rewarded by global platforms. TSKB was awarded The Banker Magazine's "Islamic Finance Deal of the Year in Europe" prize with the issuance of a Sustainable Lease Certificate on behalf of Zorlu Energy.
This transaction going beyond the renewable energy-related goals in the few Green Sukuk issuances of the past as it covers goals such as sustainable utilities and clean transport within a framework compatible with the 4 basic standards of the International Capital Markets Association (ICMA) breaks a new ground both in Turkey and across the world.
TSKB has certified its achievements in bringing together the capital market transactions and the principles of sustainability through this award rewarded under the "Deals of the Year" awards program through which The Banker, a reputable institution of the finance sector, evaluates the finance institution and transactions around the world.
Ece Börü: “We will continue to engage in innovative practices in the field of sustainability.”
Stating that they are happy forthe Sustainable Lease Certificate they issued on behalf of Zorlu Energy has received an award from a prestigious platform such as The Banker, TSKB CEO Ece Börü has said: "By adding the first lease certificate with a focus on the UN Sustainable Development Goals successfully completed in recent days to the Sustainable Lease Certificate issued on behalf of Zorlu Energy in June 2020, we have taken a step forward regarding our innovative approach in this area. As you know, the concept of sustainability has become much more important in this process throughout which the impacts of the pandemic remain uncertain all over the world. In such a period, we are proud of having transferred TSKB's multifaceted contribution on the low-carbon economy to the capital markets area. In the upcoming period, we will continue to provide added value for a more livable future by sustaining our innovative practices in the field of sustainability.”
In addition to TSKB, the leading financial institutions of the world such as BNP Paribas, HSBC, Citi, ING, Deutsche Bank and Goldman Sachs were rewarded in the "Deals of the Year" awards program of The Banker Magazine.
