Akbank Successfully Issues $500 Million in Sustainable Bonds

Akbank has successfully issued $500 million in sustainable bonds at a 7.50% interest rate. The issuance attracted approximately $1.5 billion in demand, significantly boosting Akbank‘s sustainable funding ratio to 66%. The geographic distribution of the issuance was 42% from the UK and Ireland, 21% from the Americas, 20% from Europe, 13% from the Middle East, and 4% from Asia.

In his statement regarding the bond issuance, Akbank CEO Kaan Gür said, “We are proud to have successfully completed our $500 million sustainable bond issuance. The strong interest from investors underscores the international market’s respect and confidence in both our country and our bank.”

Levent Çelebioğlu, Executive Vice President of Corporate and Investment Banking at Akbank, added, “This successful issuance of sustainable bonds once again highlights our bank’s robust reputation in international markets and our unwavering commitment to sustainability goals.”