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



Maturity Date

Coupon Rate (%)



Yield to Investor


Yield to Investor (Spread)



1.5 billion





UST + 241.5 bps



1.5 billion





UST + 250 bps


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