Budget

5/22/2025

Treasury Issued Eurobonds to Raise USD 2 Billion in External Financing

Treasury raised USD 2 billion through a Eurobond issuance. The 7-year bond has a coupon rate of 7.250% and a yield to investor of 7.450%. 38% of the issue has been sold to investors in the UK, 30% in the US, 15% in Türkiye, 13% in other European countries and 4% in other countries.

The Ministry of Treasury and Finance raised $2 billion through a Eurobond issuance. The final yield on the Eurobond was 7.45%

As announced on May 21, 2025, the Ministry of Treasury and Finance had mandated Bank of America, BNP Paribas, HSBC and Morgan Stanley for a Dollar denominated bond due 2032. The transaction was finalized with a nominal amount of USD 2 billion. The proceeds of the issue will be transferred to the Treasury accounts on May 29, 2025.

The 7-year bond has a coupon rate of 7.250% and a yield to investor of 7.450%.  The offering attracted an orderbook of more than 2,5 times the actual issue size from over 140 accounts. 38% of the issue has been sold to investors in the UK, 30% in the US, 15% in Türkiye, 13% in other European countries and 4% in other countries.

With this transaction, a total of USD 4.50 billion has been raised from the international capital markets in 2025.