Turkey borrows $2.5 bln in green bond issue -bankers

April 06, 2023 04:13 PM AEST | By Reuters
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ANKARA, April 6 (Reuters) - The Turkish treasury borrowed $2.5 billion in a green bond issue maturing in 2030 with a yield of 9.3%, two banking sources said on Thursday.

Demand for the issue was more than $8 billion with a 9.125% coupon rate, the bankers said.

On Wednesday, Turkey's Treasury mandated Bank of America, ING, J.P. Morgan and Standard Chartered for the green bond issue as part of its 2023 external financing programme.

The treasury has borrowed 7.5 billion from international markets this year including the latest issue. (Reporting by Nevzat Devranoglu; Writing by Ezgi Erkoyun; Editing by Daren Butler)


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