As part of its 2014 external borrowing program, Turkey’s Treasury has mandated Citigroup, HSBC and Morgan Stanley for the issuance of a Dollar denominated bond due 2024.
The Treasury did not provide other details but bankers told Reuters on Wednesday that initial price guidance for Turkish Treasury's 10-year dollar-denominated Eurobond is at around 6%. This issue will be a test for foreign investors’ appetite for Turkish assets and investors’ confidence in the Turkish economy.
The Treasury plans to borrow USD 6bn from international markets this year through Eurobond, Samurai and sukuk bond issues.
|2013 External Borrowing|
|Issue type||Issue date||Maturity||Currency||Amount (USD)||Coupon (%)||Rate of Return (spread) bp|
|Private placement||Feb-13||2033||JPY||202mn||2.680||Yen Swap+89bp|
|Lease Certificate Issuance|
|Issue date||Maturity||Currency||Amount (USD)||Yield||Rate of Return (spread) bp|
|Source: Treasury- Public Debt Management Report/Dec 2013|
Turkey has chided what it sees as a feeble Arab reaction to Donald Trump’s decision to reverse decades of US foreign policy by recognising Jerusalem as Israel’s capital. Speaking on December ... more
Russia is to offer Turkey partial financing for Ankara’s acquisition of S-400 surface-to-air missile systems, Interfax news agency quoted a Russian presidential aide as saying on December 12. ... more
Fresh anxieties over Turkey's overheating economy emerged on December 11 as newly released data showed the ... more