| Project Detail |
Location:
Türkiye
Project number:
55406
Business sector:
Financial institutions
Notice type:
Private
Environmental category:
FI
Approval date:
17 Jul 2024
Status:
Signed
English-language PSD published:
17 Oct 2024
The EBRD has invested USD 50 million in the Green Bond issuance by QNB Bank A.S., a universal commercial bank incorporated in Türkiye. The bond is issued under Qatar National Bank`s ("QNB" or the "Parent") Sustainable Finance and Product Framework, aligned with the International Capital Market Associations Green Bond Principles (the "ICMA GBP"). The issuance benefits from a Second Party Opinion from Institutional Shareholder Services Inc., confirming its compliance with the ICMA GBP.
Project Objectives
The Project promotes the transition to environmentally sustainable, low-carbon and climate-resilient economy in Türkiye,with 100 per cent 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. |
