Yapı Kredi won MTN Awards 2020 Deal of the Year award for the green bond issuance in 2020, under the SRI: Green / Social / Sustainable section.
In January 2020, Yapı Kredi issued its first green bond of USD 50 million with a maturity of 5 years, to be used for financing renewable energy Projects. The green bond issuance contributes both to Turkey’s transition to low-carbon economy, and to Affordable and Clean Energy (Goal 7) and Climate Action (Goal 13) of United Nations Sustainable Development Goals.
Following the issuance, Yapı Kredi also published Sustainability Bond Framework in line with International Capital Market Association (ICMA) principles in June 2020, confirmed by a Second Party Opinion from Sustainalytics.
In line with sustainable value creation strategy of Yapı Kredi, the award confirms the Bank’s dedication to expand its sustainable and innovative product portfolio.