Çimko Issues Additional Bonds Worth USD 44.9 Million

Çimko, the leading cement and ready-mix concrete company in Sanko Holding's portfolio, has completed an additional bond issuance of USD 44.9 million, bringing the total nominal amount of its 2030-maturity bonds to USD 389.9 million.

Strengthening its presence in international capital markets, Çimko priced an additional issuance of USD 44.9 million under its 2030-maturity bond program.

The additional bonds were purchased by DEG, a development finance institution based in Germany, and Proparco, a French development finance institution with participation from France's Development Agency (AFD). The bonds were priced at a re-offer price of 108.159% and a re-offer yield of 8.238%.

This investment decision by development finance institutions is a significant indicator of confidence in Çimko's strong corporate governance standards, financial discipline, and long-term growth strategy. The proceeds from the additional issuance will support Çimko's investment program and will be deployed in projects contributing to increased energy efficiency and reduced emissions, including carbon reduction strategy and precalcination investments, among other initiatives.

This issuance will be consolidated with the 2030-maturity bond of USD 300 million completed on 21 May 2025 and the 2030-maturity bond of USD 45 million completed on 2 February 2026. Thus, the total size of Çimko's 2030-maturity bonds will reach approximately USD 389.9 million. The new issuance will carry the same terms and conditions as the existing bonds and will be governed under the same structure.

The transaction, expected to be completed on 9 March 2026, represents an important milestone in Çimko's strategy to diversify its international investor base and strengthen its long-term financing structure.

Çimko was previously recognized with the "Most Successful High-Yield Bond Issuance of the Year" award under the Global Banking & Markets Awards: CEE, Central Asia & Turkey 2025 for its five-year international bond issuance of USD 300 million.