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
 
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