Government bonds

İşbank, the largest private lender by asset, has become the first bank to issue Turkish Lira-denominated green bonds in Türkiye.

In a filing with Borsa Istanbul, the bank said it completed the issuance of the 500 million lira nominal valued green bonds with 728 days of maturity.

Bonds with floating rates and quarterly coupon payments were sold to qualified investors.

The Treasury and Finance Ministry has said it raised $2.5 billion in a green bond issuance maturing in 2030.

The ministry earlier this week mandated Bank of America, ING, J.P. Morgan, and Standard Chartered for the U.S. dollar-denominated green bond.

Cyprus launched its first sustainable bond on Tuesday as governments took advantage of high demand for such assets following weeks of wild swings in bond markets.

Nicosia raised 1 billion euros from its first sustainable bond, the country's debt office said, becoming the latest European government to enter the market.

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is investing RON 293.5 million (the equivalent of approximately $72 million) in RON-denominated senior non-preferred bonds placed by Raiffeisen Bank SA (RBRO), IFC said in a statement on Monday.

Treasury and Finance Ministry holds auction for domestic markets to issue 5-year CPI-indexed government bonds

Terna Energy Finance, the financing arm of Terna Energy, will launch a tender on Oct. 16 for a green bond loan of up to 150 million euros, it said on Monday.

The offer for the seven-year bond will end on Oct. 18, it said.

A source at Terna Energy said that about 90 million euros from the bond will be used to build a wind park in Greece and to buy one in the United States.

The Turkish Treasury concluded its domestic bond sales for March with less than initially planned amount of borrowing.

The government should avoid tapping the money markets for at least another five months and aim at short-term paper rather than a benchmark issue, says Gianluca Ziglio, senior fixed income analyst at Continuum Economics.

Greece is planning new bond issues in 2018, according to the Finance Ministry's draft budget released on Monday, which said they will include an exchange of bonds issued under a previous debt write-down in 2012 with new ones. [Reuters]

A raft of developing countries are considering selling bonds earmarked for environmental projects, potentially accelerating growth in a market seen as crucial to efforts to keep global temperatures in check.

France and Poland have in recent months become the first sovereigns to issue 'green' bonds, previously the domain mainly of development banks and companies.