Garanti in TL305m green covered bond follow-up with EBRD

Garanti Bank is placing a TL305m (Eu75m) covered bond with the European Bank for Reconstruction & Development (EBRD), the Turkish bank announced today (Thursday), with a commitment to use the proceeds to lend green mortgages, in a follow-up to a similar bond placed with the IFC.


Green standards touted to Commission as catalyst to grow market

An EU standard and label for green bonds and other sustainable assets can unlock the market’s potential, according to recommendations presented to the European Commission, while at a hearing yesterday (Tuesday) the EMF-ECBC called for the establishment of green mortgages to let the industry “do our job”.


European Green Securities Steering Committee sets out priorities

The European Green Securities Steering Committee – an industry-wide committee jointly convened by the Climate Bonds Initiative and the European Covered Bond Council, with the support of the UNEP Inquiry – mapped its priorities for the coming 12 months at an inaugural meeting last Thursday (29 June).