📋 Tender Overview
Project Number
49789
Company Name
QNB Bank AS
Date SPI Disclosed
Jun 18, 2025
Country
Turkiye
Region
Central Asia and Turkiye
Projected Board Date
Oct 8, 2024
Environmental Category
FI-2
Status
Active
Last Updated Date
Jun 18, 2025
Department
CF5CT - Regional Industry FIG MCT/FIG Central Asia & Turkey
Industry
Financial Institutions
Previous Events
Approved : Oct 8, 2024
Signed: Oct 11, 2024
Invested: Oct 16, 2024
Sector
Commercial Banking - General
Project Description
The proposed investment involves IFC's subscription to two bonds issued by QNB Finansbank (‘QNBF’ or the ‘Bank’): a green bond of up to $100 million and a blue bond of up to $25 million. IFC will invest up to $50 million in the green bond and will be the sole investor in the blue bond for $25 million. QNB-F will use the bond proceeds to extend financing to eligible SMEs and select corporate and commercial borrowers for their climate financing needs. IFC will serve as an anchor investor for the green bond issuance, having structured the offering and assisted the Bank in identifying eligible green assets.
