Paksoy has advised the EBRD on its USD 50 million investment in green bonds issued by Turkey's QNB Finansbank.
According to Paksoy, "this is the first green bond issuance of QNB Finansbank, aiming to finance internationally certified green building projects in its portfolio." The green bonds were issued with a three-year maturity, under QNB Finansbank’s existing USD 5 billion GMTN Program.
Paksoy’s team was led by Partner Omer Collak and included Senior Associate Nazli Tonuk Capan.