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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