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ARTICLE · 01 MARCH 2022

Guidelines On Green Financing Are Published By The Capital Markets Board

Pekin Bayar Mizrahi (in alliance with Norton Rose Fulbright)
Explore more from Pekin Bayar Mizrahi (in alliance with Norton Rose Fulbright)

The Capital Markets Board (the "CMB") published the Guidelines on Green and Sustainable Debt Instruments and Lease Certificates on 24 February 2022 through the its principle decision numbered i-SPK 128.18 ...

TurkeyFinance and Banking
A. Deniz Altinay
A. Deniz Altinay
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The Capital Markets Board (the “CMB“) published the Guidelines on Green and Sustainable Debt Instruments and Lease Certificates on 24 February 2022 through the its principle decision numbered i-SPK 128.18 (dated 24 February 2022 and no 10/296) (the “Guidelines“) within the scope of the actions and priorities of the 11th Development Plan, 2021 Economy Reforms Package and Paris Climate Treaty. The Guidelines are prepared based on the ICMA Green Bond Principles dated June 2021.

Green debt instruments and lease certificates subject to the Guidelines are debt instruments and lease certificates, which are framed with the four main components of the Guidelines, as explained below and the funds received from which are used exclusively for the financing or re-financing of convenient green projects.

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