As Istanbul Metropolitan Municipality, we have completed the full repayment of our senior unsecured USD 580 million notes we issued to international capital markets in 2020 for the financing of 4 metro projects as of its maturity December 9, 2025.

USD 580 million, has played a critical role in accelerating Istanbul’s rail system investments. This bond issuance is not only a significant source of financing, as it is the first Eurobond transaction by a Turkish municipality in 33 years in international markets; it also serves as an international confirmation to the institutional capacity and financial reliability of IMM.

As Istanbul Metropolitan Municipality, we respectfully inform the public that while continuing to invest in projects that add value to our city, without compromising the principle of financial responsibility, we will resolutely continue to strive to be worthy of the trust of international investors and to  generate resources for the future of Istanbul.