Clifford Chance

Clifford Chance advises Arçelik A.Ş. on its successful offering of €350 million 3.0% Green Bonds due 2026. This is Turkey’s first-ever corporate green bond issuance in the international markets

Leading international law firm Clifford Chance has advised Arçelik A.Ş., the global leading consumer durables and electronics manufacturer and Europe’s second largest white goods company by market share (based on volumes), in connection with its issuance of €350 million 3.0% Green Bonds due 2026. This is Turkey’s first-ever corporate green bond issuance in the international markets.

Arçelik aims to use the bond to finance its Eligible Green Projects, including its energy-efficient, eco-efficient and circular economy adapted products and the promotion of energy efficiency in production. In addition, the proceeds will fund the company’s sustainable water and wastewater management, pollution prevention control, renewable energy, and green buildings initiatives.

The Clifford Chance teams, based in London and Istanbul, were led by partners Matt Fairclough and Sait Eryilmaz. The partners were supported by senior associate Jeffery Hung and associates Başar Kırka, Alican Altiparmak and Farah Rohaizat.