White & Case and its Turkish affiliate GKC Partners have advised DenizBank on its issuance of USD 270 million green bonds under its USD 5 billion Euro Medium Term Note Program.
According to White & Case, the transaction involved the joint participation of three international financial institutions – the International Finance Corporation, the European Bank for Reconstruction and Development, and Societe de Promotion et de Participation pour la Cooperation Economique.
"The proceeds from the bonds will be used to finance investments which align with DenizBank's Sustainable Finance Framework, which complies with the International Capital Market Association's Green Bond Principles," the firm's press release stated.
The GKC Partners team included Partner Ates Turnaoglu, Counsel Derin Altan, and Associate Muhammed Asula.
