Türkiye’s first local government Green Bond, worth 715 million USD, which Istanbul Metropolitan Municipality offered to investors on the London Stock Exchange in 2023 and attracted a demand of 2.6 billion dollars, was awarded as the “Best Sub-Sovereign Bond” by EMEA Finance.

EMEA Finance, the leading London-based finance magazine that appeals to the European, Middle Eastern and African markets, awarded the green bond worth 715 million dollars issued by the Istanbul Metropolitan Municipality in 2023 at the Achievement Awards organized for the 16th time this year in London.

The EMEA (Europe, Middle East and Africa) Finance Achievement Awards are nominated by banks and their customers and selected by the EMEA Finance editorial team to highlight innovative work being undertaken in the region’s capital markets. The awards recognize the most notable transactions and the companies behind them across a range of markets, including debt and capital markets, loans, Islamic finance, structured finance and more.