10/4/2024
Rönesans Holding Issues $350 Million Eurobond
The financing obtained from the Eurobond issuance is planned to be used in the company's renewable energy investments, hospital projects, investments to be made within the scope of clean transportation, data centers, energy efficiency projects, and infrastructure projects that will enable the supply of clean water...
Rönesans Holding has issued a Eurobond of $350 million within the scope of the Sustainable Financing Framework. According to the statement made by the company, Rönesans Holding has created financing of $350 million with a maturity of 5 years as a result of the issuance, which was realized with the intense participation of international financial institutions, especially IFC, EBRD and German Development and Finance Agency DEG. Rönesans Holding Board of Directors Chair İpek Ilıcak Kayaalp made the following statement on the subject: "We aim to reach an installed capacity of 2,000 MW in the next 5-year period, which will consist entirely of renewable energy generating power plants. In addition to renewable energy investments, we will use the resources we will obtain from the Eurobond issuance in hospital projects that allow people to access quality healthcare services. We also plan to use the said resources in social housing projects we have made and will make in various parts of the world, in investments we will make within the scope of Clean Transportation, in data centers, in energy efficiency projects, and in infrastructure projects that will enable the supply of clean water. While we obtain 50 percent of our income from abroad, we will carry the approximately 8 billion Euro investment portfolio we have made in our country to date even further with sustainable projects."
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