Nearly four-fold demand for Treasury’s eurobond issuance

It was announced that the Ministry of Treasury and Finance’s third eurobond issuance of the year was nearly four times oversubscribed. It was also reported that the total amount of the issuance was 1.75 billion dollars.

The Ministry of Treasury and Finance completed the third borrowing of the year from international markets.

According to the statement made by the Ministry, the issuance amount of the 8-year bond was 1.75 billion dollars. The coupon rate of the bond with a maturity of July 17, 2032 was 7.125 percent and the yield rate was 7.300 percent.

It was stated that the issuance, which took place on July 9, will enter the Treasury’s accounts on July 17.

Approximately 170 investors demanded nearly 4 times the issuance amount. According to the statement, 39 percent of the bond was sold to investors in the US, 39 percent in the UK, 9 percent in other European countries, 6 percent in the Middle East, 4 percent in Turkey and 3 percent in Asia and other countries.

As part of the 2024 external financing program, BNP Paribas, Citi, J.P. Morgan and Standard Chartered were authorized to issue a USD-denominated bond with a maturity of 2032 on 9 July 2024.

With this bond issue, a total of approximately USD 7 billion worth of financing was obtained from international capital markets in 2024.

Leave a Reply

Your email address will not be published. Required fields are marked *