Turkey borrows $1.5bn through 2026 Eurobond

By bne IntelliNews April 9, 2015

The Turkish Treasury said on April 9 that it borrowed $1.5bn in a dollar-denominated Eurobond issue maturing in 2026. The proceeds of the issue will be transferred to the Treasury accounts on April 14.

The bond that matures on April 14, 2026, has a coupon rate of 4.25% and a yield to investor of 4.40%, said the Treasury, adding that the offering attracted an orderbook of more than 5 times the actual issue size from more than 270 accounts. 45% of the bonds have been sold to investors in the US, 17% in the UK, 15% in Turkey, 14% in other Europe and 9% in other regions.

With this transaction, the amount of funds that have been raised from the international capital markets as part of the $4.5bn worth of 2015 Eurobond issuance programme has reached $3bn, noted the Treasury in the statement.

International Bond Issuances in 2015

 

Issue Date

Currency

Size

Maturity Date

Coupon Rate (%)

Price

(%)

Yield to Investor

(%)

Yield to Investor (Spread)

07.01.2015

USD

1.5 billion

16.04.2043

4.875

98.858

4.950

UST + 241.5 bps

08.04.2015

USD

1.5 billion

14.04.2026

4.250

98.669

4.404

UST + 250 bps

 

Related Articles

Turkey reportedly set to raise debt limit for first time in 8 years as Ankara fuels credit

Turkey is preparing to raise its debt limit for the first time since 2009 after first-half borrowing left the Treasury near its legal ceiling, Bloomberg reported on July 25. Citing a person with ... more

Four Turkish companies reportedly consider IPOs in London or Istanbul

Turkey’s Enerjisa, Memorial Health Group, Tab Gida and Baskent Gaz are considering public offerings in London or Istanbul, unnamed sources told Bloomberg on July 19. Enerjisa, a 50:50 JV ... more

Turkey bars entry to thousands from more than 140 nations over suspected IS ties

Turkey has arrested and deported thousands of people suspected of having links to the Islamic State group according to a Turkish interior ministry report entitled “Turkey’s Fight ... more

Dismiss