QNB Türkiye Completes Blue Repo Transaction

QNB Türkiye said it had completed a one-year, $30 million blue repo transaction with Barclays Bank PLC.

According to the bank, the transaction was structured in line with QNB’s Sustainable Finance and Product Framework and the International Finance Corporation’s Blue Finance Guidelines.

The proceeds will be used to finance investments aimed at protecting water resources and supporting activities linked to the blue economy.

QNB Türkiye said the deal was the first blue repo transaction carried out in Türkiye. The bank added that the transaction demonstrated how sustainable finance could be supported not only through bond issuances, but also through capital-markets and treasury products.