Akbank’s Green Bond issuance in August wins “Deal of the Year” award at MTN Awards 2020
The results of the MTN Awards 2020 awards, which was organized by mtn-i, one of the world's leading international debt instruments and structured finance products data and news platforms, have been announced.
With its first Green Bond issuance in August 2020, which amounted to USD 50 million with a 4 year 110 days maturity, Akbank won “Deal of the Year” year award in the "Socially Responsible Investment: Green, Social, Sustainable" category at the MTN Awards 2020.
Akbank, which issued its first Green Bond issuance during the pandemic, also published its green and social compliance criteria regarding the sustainable projects that it will finance within the Sustainable Finance Framework prepared following the issuance. In addition, the compliance of the Bank's Sustainable Finance Framework with the International Capital Markets Association’s (ICMA) Green and Social Bond Principles was confirmed by Sustainalytics, a Morningstar company and- one of the leading organizations in this field.
The award also recognised Akbank’s commitment to continue to prioritize borrowing transactions based on sustainable finance and in line with its sustainability strategy. Akbank aims to increase the share of sustainable financing-based borrowing transactions in its total borrowing to 30% by the end of 2021.