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Euroclear Facilitates First Gender Bond to to Finance Women-Owned SMEs in Türkiye
Source: Euroclear
Turkish bank Akbank has successfully issued its inaugural Digitally Native Note (DNN) on Euroclear’s Digital Financial Market Infrastructure (D-FMI). The International Finance Corporation (IFC), a member of the World Bank Group, is the sole investor, with Citi acting as the dealer and issuing and paying agent.
The proceeds of the $100 million issuance will be used to finance women-owned SMEs, as well as mortgage loans for women in Türkiye. Today, the majority of women-led firms perceive access to finance as a constraint. This bond will drive necessary impact and catalyze job creation.
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