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Turkey Developing Framework for Sovereign ESG Bonds by Year-End

  • Treasury working on legal requirements to the debt abroad
  • Country may sell debt in number of currencies, official says
Turkish Exchanges as Lira sinks 15% on Central Banker Firing
Photographer: Nicole Tung/Bloomberg

Turkey’s Treasury is working on a framework that will allow it to sell bonds abroad for the first time with pricing tied to environmental and social goals.

The Treasury aims to finalize the legal requirements by the end of this year to be able to issue sustainability-linked social and green bonds, according to a Treasury official, who asked not to be named because they’re not authorized to speak publicly on the issue.