We advised on the third and this year’s first Sustainable Eurobond out of Turkey issued by TSKB

CIFTCI Law Firm together with the London and Paris offices of Clifford Chance have advised on the issuance, by the Industrial Development Bank of Turkey (TSKB), of its third Sustainable Eurobond worth of USD 350 million with a maturity of 5 years.

TSKB operates its banking operations in line with globally recognized #sustainability principles with a mission to make a substantial contribution to the UN Sustainable Development Goals through the financing facilities it offers.

CIFTCI Law Firm and Clifford Chance advised the dealers and joint bookrunners on the annual update to the EMTN  base prospectus, the sustainable notes supplement and the 144A sustainable bonds issuance thereunder with a multi-jurisdictional team led Sait Eryilmaz, Head of Turkish Banking and Finance on Turkish law matters, in London  David Dunnigan, partner on English law matters; in Paris Alex Bafi, US partner, Olivier Plessis, US counsel.

January 2021