Çimko, one of the leading companies of Sanko Holding, has successfully completed its first direct issuance in international capital markets. The company took a significant financial step with the issuance of Eurobonds amounting to USD 300 million with a 5-year maturity.
According to the statement made by Çimko, the proceeds from this issuance will be used to strengthen the company’s financial structure, optimize its current debt burden, and finance investments in energy efficiency and renewable energy in line with its sustainable growth objectives.
The strong interest from international institutional investors was a clear indication of the confidence in Çimko’s solid balance sheet, stable operational capability, and long-term vision. The participation of prominent development finance institutions such as the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and the Green for Growth Fund (GGF) further reinforced the credibility of the issuance and demonstrated the company’s compliance with high standards in environmental, social, and governance (ESG) principles, as well as its alignment with sustainable development goals.
Commenting on the successful issuance, Çimko CEO Dr. Önder Kırca stated: “This successful Eurobond issuance is a clear reflection of international investors’ confidence in our strong financial standing and strategic roadmap. The funds raised will enhance our financial flexibility while supporting our long-term growth ambitions. We aim to streamline our debt structure, improve cost efficiency, and continue to create sustainable value for our investors.”
