IMM to Hold Investor Meetings in UAE and Doha

Qatar, 29 November, 2024 :  Istanbul Metropolitan Municipality (IMM), rated BB- by Fitch and B1 by Moody's, plans to hold fixed-income investor meetings in Gulf Cooperation Council (GCC) cities next month.

The meetings are scheduled for Doha on December 9, Abu Dhabi on December 10, and Dubai on December 11. Emirates NBD Capital and HSBC are arranging the events.

IMM, the largest European city municipality by population, raised $715 million last year through a green bond under its sustainable finance framework. The bond offered a significant premium over Turkish sovereign bonds to address political risk and potential illiquidity concerns.