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Cimko Cement, a subsidiary of Türkiye’s industrial conglomerate Sanko Holding, has successfully completed a $300 million Eurobond issuance with a five-year maturity, representing its debut in international capital markets.
The deal stands out as the first capital markets transaction conducted directly by Sanko Holding with global institutional investors.
The proceeds from the issuance will be directed toward enhancing the company’s financial structure, optimizing its debt profile, and accelerating investments in energy efficiency and renewable energy.
In a statement, Cimko emphasized that the capital will play a key role in reinforcing its long-term growth strategy, particularly in areas aligned with sustainability.
According to the company, the issuance drew strong interest from international institutional investors, including key 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).
Their involvement not only underscored the financial soundness of the offering but also highlighted Cimko’s compliance with environmental, social, and governance (ESG) standards.
“Strong investor demand is a clear sign of confidence in our operational stability and long-term strategy,” said Cimko CEO Dr. Onder Kirca in an indirect statement shared with the press.
He noted that the successful transaction reflects how the company’s solid balance sheet and forward-looking investment goals resonate with global markets.
“With the new funding, we aim to simplify our debt structure, improve cost efficiency, and accelerate our transition to sustainable operations,” he added.
Founded in 1996, Sanko Holding has grown into one of Türkiye’s leading industrial groups, with diversified operations spanning textiles, energy, construction, packaging, and financial services.
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