Page 29 - TURKRptApr21

6.5 Fixed income
6.5.1 Fixed income - bond news
also four notches below investment grade.
Awaited eurobond auctions by major Turkish issuers
Up to USDbn Sold Type
Feb 24, 2021 Arcelik Board mandate 1 - debt securities
Feb 24, 2021 Yapi Kredi Board mandate 7 - instrument/subordinated
Jan 22, 2021 Ziraat Mandated Lenders 4 Jan 26, 2021 5-year eurobond
Jan 21, 2021 Garanti BBVA Board mandate 6 - eurobond
Jan 21, 2021 Garanti BBVA Board mandate €0.75 - mortgage-backed
Jan 21, 2021 Akbank Board mandate
2
- eurobond
Jan 21, 2021 Vakifbank SPK Approval €1.00 - mortgage-backed
Jan 21, 2021 Do&Co Bookbuilding €0.10 - convertible
Jan, 2021 Treasury Market expectation 3 Jan 20, 2021 eurobond
Jan 7, 2021 Vakifbank SPK Approval 5 - eurobond
Dec 18, 2020 Isbank Board mandate 5 - eurobond
Dec 15, 2020 Istanbul Municipality Treasury application €0.30 - eurobond
Nov 30, 2020 Istanbul Municipality Mandated Lenders €0.55 Dec 1, 2020 5-year eurobond
Nov 30, 2020 Vakifbank Mandated Lenders - Dec 1, 2020 5-year green
Nov 15, 2020 Eximbank Board mandate 1 - -
Nov 12, 2020
Calik Holding SPK Approval 0.1 - eurobond
Nov 5, 2020 Sasa SPK Application €0.20 - covered
Oct 19, 2020 Ulker Investor meetings 0.75 Oct 21, 2020 senior unsecured
Oct 13, 2020 TWF Investor meetings 2 CANCELLED eurobond
Aug 31, 2020 TSKB SPK Application 0.75 Jan 8, 2021 eurobond
Jul 23, 2020 Yapi Kredi Board mandate €0.50 - mortgage-backed
Jun 18, 2020 Mapa Insaat SPK Approval 1 - eurobond
Jun 4, 2020 Isbank SPK Approval €0.50 - mortgage-backed
Feb 26, 2020 Denizbank Board decision 3 - debt instrument
Feb 20, 2020 Yapi Kredi Board mandate 7 Jan 15, 2021 debt instrument
Feb 6, 2020 Net Holding SPK Approval 0.3 - eurobond
Jan 29, 2020 Vakifbank Bookbuilding - Jan 29, 2020 eurobond
Dec 16, 2019 Akbank Board authorization 2 - subordinated
Oct 18, 2019 Turkish Airlines Mandated Lenders - - bond or ETTC
Major eurobond issues by Turkish issuers
Issuer ISIN Coupon Volume (USD mn) End of placement Maturity UST+
Ziraat Bank XS2274089288 5.375% 600 Jan 26, 2021 Mar 2, 2026 496
Treasury US900123DB31 4.75% 1,750 Jan 26, 2021 Jan 26, 2026 445
Treasury US900123DC14 5.875% 1,750 Jan 26, 2021 Jun 26, 2031 486
Yapi Kredi Bank XS2286436451 7.875% 500 Jan 15, 2021 Jan 22, 2031 679
TSKB XS2281369301 5.875% 350 Jan 8, 2021 Jan 14, 2026 539
Istanbul Municipality XS2010029234 6.375% 580 Dec 1, 2020 Dec 9, 2025 617
29 TURKEY Country Report April 2021 www.intellinews.com