Vestel Sirketler, a part of the
With the issuance, the Group moves closer to fulfilling its strategy as integrated in its Smart Life 2030 initiative (Akilli Hayat 2030).
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Garanti BBVA provided advisory services for the deal, which was certified by an international rating agency. It is anticipated that funds will be earmarked for the company's environmental technology investments and other sustainable projects. The total raised reached 100.5 million Turkish lira.
Vestel Sirketler became the first company to complete an issuance in Turkish lira after receiving international certification. The assessment of the bond was conducted in accordance with the
'We are proud to be one of the first organizations to use financial products like green bonds. We believe that sustainability is a business model that helps us create shared value for our shareholders, our customers, our employees and our various operating groups. We undertake all our investments with sustainability as the baseline,' said
With the issuance of the green bond,
Garanti BBVA vice president
RESPONSIBLE BANKING
Global Economics recognizes BBVA for its commitment to sustainability
'In the last four years,
Edin concluded by saying that in the first half of 2020, the total volume issued in the sustainability and green bond market reached over
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