Deals

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.

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Covered, save the planet!

An environmental think-tank has suggested that covered bonds backed by renewables could help alleviate a shortage of funding for the greening of the world’s energy resources. Chiara Francavilla explores the issues and challenges surrounding the Climate Bonds Initiative’s proposal.