Business · Companies · 12 hrs ago
DenizBank to issue $100 million green bond with JICA
DenizBank will issue a $100 million green bond with investment from Japan’s JICA.
The deal is JICA’s first green financing transaction with a private bank in Turkey.
The money will fund projects to reduce climate-related risks and help communities and businesses adapt to their effects.
Climate risks can disrupt production and supply chains, making adaptation important for economic activity as well as the environment.
DenizBank says the bond will bring its total green bond issuances with international development and investment banks to $570 million.
JICA says it aims to support green finance in Turkey and draw long-term private investment into climate resilience and environmental sustainability.
DenizBank plans to issue a $100 million green bond with Japan International Cooperation Agency (JICA).
The funding will support projects to reduce climate-related risks and strengthen capacity to adapt to their current and future effects.
The transaction is JICA’s first green financing deal with a private bank in Turkey.
DenizBank says its total green bond issuance will reach $570 million with this deal.
- Who
- DenizBank and the Japan International Cooperation Agency (JICA).
- What
- DenizBank will issue a $100 million green bond with JICA.
- When
- Not stated.
- Where
- Turkey.
- Why
- To fund projects that reduce climate-related risks and improve capacity to adapt to their effects.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Bond value
- $100 million
- Lender
- Japan International Cooperation Agency (JICA)
- Use of funds
- Projects to reduce climate-related risks and improve adaptation capacity
- JICA precedent
- Its first green financing deal with a private bank in Turkey
- DenizBank green bond total
- $570 million after the transaction
What people are saying
We see adaptation to climate change not only as an environmental requirement but as a strategic investment area that supports continuity of production and long-term competitiveness.
We are pleased to develop our cooperation with DenizBank through this green bond investment.