Denizbank Green Bond Tender

Project ID: 55409
Status: Signed
Location: Türkiye
Business Sector: Financial Institutions
Notice Type: Private
Environmental Category: FI
Approval Date: 07 May 2025
Disclosure date: 19 Sep 2025
Project Description
An investment of up to USD 100 million in DenizBank's ("DB") debut Green Bond funding programme. DB is a commercial bank organised as a joint stock company in Türkiye. The bond will be issued under DB's Sustainable Finance Framework, aligned with the International Capital Market Association's Green Bond Principles.

Project Objectives
The Project promotes the transition to environmentally sustainable, low-carbon and climate-resilient economy in Türkiye, with 100% of the EBRD financing allocated to GET-eligible investments. By adhering to established green bond framework and principles, the Project aims to channel funds towards eligible green projects and contribute to the further development of the green bond market in the country.

Transition Impact
ETI score: 60

The operation will contribute to the Green transition quality by ensuring transparency and adherence to high standards for green credentials, through an innovative capital market instrument. The proposed investment will have a 100% GET share.