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Arnold & Porter Advises Republic of Türkiye on Inaugural Green Bond Offering of US$2.5 Billion

April 24, 2023

Arnold & Porter advised the Republic of Türkiye in an offering of US$2.5 billion of its green bonds, the Republic’s first such financing transaction to date.

The proceeds of the offering are expected to finance, or refinance specified green projects, including but not limited to clean transportation, renewable energy, energy efficiency, sustainable management of living natural resources and land use, terrestrial and aquatic biodiversity, and sustainable water and wastewater management. The offering closed on April 13, 2023.

This is the third notes offering completed by the Republic of Türkiye in 2023, for aggregate proceeds of US$7.5 billion, continuing Arnold & Porter’s representation of the Republic on all its global finance matters. 

The Arnold & Porter team was led by partner Christopher Peterson and also included partner David Sausen and associates Sean Atkinson, Lauren Hoepfner, and Brady Randall.