| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers I > Headlines for Istanbul Metropolitan Municipality > News item |
Istanbul starts investor calls for first dollar green bond
Chicago, Nov. 27 – Istanbul Metropolitan Municipality (Istanbul Buyuksehir Belediyesi) (B3//B) started investor calls on Monday for its first green bond, according to a source.
The municipality is planning to issue a dollar-denominated five-year benchmark bond.
Distribution will be through Rule 144A and Regulation S.
BofA Securities, Emirates NBD Capital, ING, JPMorgan and Societe Generale have been chosen as joint bookrunners.
ING is also working as the sustainability structuring adviser.
Proceeds will be used to finance eligible green projects under the municipality’s sustainable finance framework.
A second-party opinion on the sustainable finance framework was provided by Sustainalytics.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.