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Issue Date
Oct 14, 2020
Feb 13, 2020 Feb 13, 2020 Nov 14, 2019 Jul 10, 2019 Mar 26, 2019 Feb 21, 2019
Jan 31, 2019 Jan 16, 2019
Nov 14, 2018
Sep 23, 2018
Apr 24, 2018
Jan 17, 2018
Sep 13, 2017
Jun 14, 2017
May 11, 2017 Apr 6, 2017
Feb 23, 2017
Jan 23, 2017 source: treasury
Currency Size
USD 2.5bn USD 2bn USD 2bn USD 2.5bn USD 2.25bn USD 1bn USD 2bn
EUR 1.25bn USD 2bn
EUR 1.5bn
USD 2bn
USD 2bn
USD 2bn
USD 1.75bn
EUR 1bn
USD 1.75bn USD 1.25bn
USD 1.25bn USD 2bn
Maturity
Oct 14, 2025 13.03.2025 13.03.2030 14.11.2024 10.08.2024 26.04.2029 21.02.2022
31.03.2025 26.04.2029
16.02.2026
23.12.2023
24.10.2028
17.02.2028
11.05.2047
14.06.2025
11.05.2047 06.04.2023
25.03.2027 25.03.2027
Coupon (%) Price
6.375 99.894 4.25 99.095 5.45 98.457
5.6 99.570 6.35 99.563 7.625 103.300
5.8 100.000
4.625 99.360 7.625 99.555
5.2 99.730 7.25 98.917 6.125 99.427 5.125 99.411
5.75 100.703
3.25 99.123
5.75 98.247 5 100.000
6 102.639 6 98.858
Yield (%)
6.40 4.45 5.45 5.70 6.45 7.15 5.80
4.75 7.68
5.25 7.50 6.20 5.20 5.70 3.377 5.875
5 5.65 6.15
Spread
UST + 608.7 bps UST+298.5bps UST+470bps UST+407bp UST+470bps UST+454bp MS+318bps
MS+446bps UST+497bp
MS+456.4bp
UST+447.5bp
UST+336.8bp
UST+266.7bp
UST+300.5bp
MS+285bp
UST+286.7bp MS+285bp
UST+320.5bp UST+375.7bp
Euro Cost (%)
3.319 3.803 3.319 3.803 4.859 Sukuk
4.965
Turkish Treasury's Outstanding Eurobonds
Sukuk
ISIN
JP579200AHQ2 JP579200ABF8 US900123BH29 US900123BH29 XS1303467077 XS0993155398 XS1816199373 JP579200ACF6 US900123BY51 US900123BZ27 US900123CA66 XS1586385178 XS1057340009 US900123CR91
Issuance
Dec 1, 2017 Mar 11, 2011 Mar 11, 2010 Aug 5, 2010 Jun 1, 2016 Nov 5, 2013 Feb 13, 2019 Mar 8, 2012 Oct 17, 2011 Jan-Feb, 2012 Jan 8, 2013 Mar 30, 2017 Apr 8, 2014 Oct 16, 2018
Maturity
Dec 7, 2020 Mar 18, 2021 Mar 30, 2021 Mar 30, 2021 Jun 8, 2021 Nov 12, 2021 Feb 21, 2022 Mar 15, 2022 Mar 25, 2022 Sep 26, 2022 Mar 23, 2023 Apr 6, 2023 Apr 11, 2023 Dec 23, 2023
Year Currency
3 JPY 10 JPY 11.1 USD 10.7 USD 5 USD 8 EUR 3 USD 10 JPY 10.4 USD 10.7 USD 10.2 USD 6 USD 9 EUR 5.2 USD
Face (mn)
60,000 180,000 1,000 1,000 1,000 1,250 2,000 90,000 1,000 2,500 1,500 1,250 1,000 2,000
Face ($mn)
548 1,643 1,000 1,000 1,000 1,376 2,000 822 1,000 2,500 1,500 1,250 1,101 2,000
Coupon (%) Type
1.810 Bond 1.870 Bond 5.625 Bond 5.625 Re-open 4.251 Sukuk 4.350 Bond 5.800 Sukuk 1.470 Bond 5.125 Bond 6.250 Bond 3.250 Bond 5.004 Sukuk 4.125 Bond 7.250 Bond
29 TURKEY Country Report November 2020
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below investment grade, while Standard & Poor’s has Turkey at B+/Stable, also four notches below investment grade.
Moody’s second review for 2020 is scheduled for December 4.
7.5 Fixed income Turkish Treasury's Eurobond Issues
