İşbank issues USD 500 million sustainable Eurobond

İşbank recently issued a sustainable Eurobond worth USD 500 million in the international markets, featuring a 5-year maturity period. The proceeds from the issuance, bearing an interest rate of 7.75 percent, will be directed towards financing activities falling under the green and social categories outlined in the Bank's Sustainable Finance Framework.

The demand for the issuance reflects the trust in our country, the Turkish banking sector and our Bank

İşbank Deputy Chief Executive Ebru Özşuca expressed gratitude with the successful completion of the Bank's first public Eurobond issuance since 2020 in the international markets, coinciding with İşbank's 100th anniversary, adding the following:

“With the issuance of the sustainable Eurobond, we have expanded our pool of sustainability-focused funds and enhanced the diversity of our transactions. This issuance marks İşbank's first public sustainable offering in the international markets. We remain committed to bolstering the Turkish economy and fostering green and social activities in sustainability through the funds procured from this issuance. The demand for the issue, which was conducted through international bookrunners and attracted the interest of many foreign investors, reflects the trust in our country, the Turkish banking sector and our Bank. These funds enable our Bank to enhance its financial support for sustainable development and contribute to achieving our sustainability goals."