İşbank Issues $500 Million Sustainable Eurobond

Türkiye İş Bankası has successfully issued a $500 million sustainable Eurobond in the international markets, with a maturity of five years. The bond, which carries an interest rate of 7.75%, will fund economic activities within the green and social categories as outlined in the Bank’s Sustainable Finance Framework.

Reflecting Confidence in Our Country and Banking Sector

Ebru Özşuca, Deputy CEO of İşbank, shared her thoughts on this significant development, expressing satisfaction with the Bank’s first market transaction Eurobond issuance since 2020, which coincides with İşbank’s 100th anniversary: “We are pleased to have added another sustainable funding source with our Eurobond issuance, enhancing the diversity of our transactions. This issuance is also notable for being İşbank’s first sustainable bond in the international market. The funds raised will continue to support the Turkish economy and promote sustainable green and social economic activities. The high demand from numerous international investors, facilitated by foreign regulatory bodies, reflects the confidence in our country, the Turkish banking sector, and İşbank. These resources will enable our Bank to increase its support for sustainable development, contributing to our sustainability goals.”