Page 47 - TURKRptMar20
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Treasury
US900123AX87
7.000%
$2,000
2005-2007
Jun 5, 2020
-
Mersin Port Treasury
Eximbank
Halkbank Treasury Treasury
Garanti Ziraat TSKB Treasury
Isbank Treasury
Awaited eurobond auctions by major Turkish issuers
XS0957598070
5.875%
$450
Aug 12, 2013
Aug 12, 2020
Nov 7, 2019
JP579200AHQ2
1.810%
JPY60bn
Dec 1, 2017
Dec 7, 2020
-
XS1345632811
5.375%
$500
Feb 8, 2021
-
XS1188073081
4.750%
$500
Feb 11, 2021
-
JP579200ABF8
1.870%
JPY180bn
Mar 11, 2011
Mar 18, 2021
-
US900123BH29
5.625%
$2,000
2010
Mar 30, 2021
-
USM8931TAA71
6.250%
$500
Apr 20, 2021
XS1223394914
4.750%
$500
Apr, 2016
Apr 29, 2021
-
XS1412393172
4.875%
$300
May 18, 2016
May 18, 2021
-
XS1303467077
4.251%
$1,000
Jun 1, 2016
Jun 8, 2021
-
XS1079527211
5.000%
$750
Jun 25, 2014
Jun 25, 2021
XS0993155398
4.350%
€1,250
Nov 5, 2013
Nov 12, 2021
-
Up to USDbn
Sold
Type
Feb 20, 2020
Feb 20, 2020 Feb 6, 2020 Feb 6, 2020 Feb 5, 2020
Jan 29, 2020 Jan 23, 2020 Jan 23, 2020
Dec 27, 2019
Nov-2019 Nov 18, 2019 Nov 8, 2019 Oct 18, 2019
Oct 10, 2019
Yapi Kredi
Board mandate
7
-
debt instrument
Sasa
Mandated Lender
€0.15
-
covered
Garanti BBVA
SPK Approval
6
-
eurobond
Net Holding
SPK Approval
0.3
-
eurobond
Treasury
Bookbuilding
-
Feb 6, 2020
eurobond
Vakifbank
Bookbuilding
-
Jan 29, 2020
eurobond
Akbank
SPK Approval
2
-
subordinated
Ziraat
SPK Approval
4
-
debt instrument
Isbank
SPK Application
5
Jan 16, 2020
Istanbul Municipality
Treasury Application
0.5
-
Yapi Kredi
SPK Approval
€0.5
-
mortgage-backed
Vakifbank
SPK Approval
€1
-
mortgage-backed
Turkish Airlines
Mandated Lenders
-
-
bond or ETTC
TWF
Media report
-
-
On February 6, Garanti BBVA received approval from the Turkish capital markets board (SPK) to sell up to $6bn worth of eurobonds while Net Holding was permitted to sell up to $300mn worth of eurobonds.
Turkish issuers raised the lion’s share of $16bn via eurobond sales in 2019, with $10.6bn worth of eurobonds, equal to the whole amount raised in 2018, issued in the first quarter, according to Global Capital’s 2020 outlook.
CE issuers raised $44.5bn and EE raises $29.9bn via eurobond sales in 2019
in a decent year, up on 2018 but still behind the vintage 2017.
With global interest rates set to remain low, Turkey should still have access to international markets in 2020, according to Global Capital.
47 TURKEY Country Report March 2020 www.intellinews.com
