Page 20 - bne IntelliNews monthly magazine December 2023

20 I Companies & Markets bne December 2023
In 2022, Turkish borrowers sold $12bn of eurobonds across eight tenders. The Treasury was the dominant player, raising $11bn in five tenders. It redeemed $8bn on four papers during the year.
In 2023, Turkish eurobond sellers are supposed to redeem
Upcoming eurobond redemptions by major Turkish issuers
Isbank (ISCTR) XS1003016018 7.85%
Treasury US900123CR91 7.25%
Turkey’s finance minister Mehmet Simsek has, meanwhile, been talking about selling bonds worth $8.5bn for earth-
a total of $11bn across 15 papers. In the year to date, $9bn across 13 papers has been redeemed.
On December 10, Isbank (ISCTR) is to redeem a $400mn paper (XS1003016018), which pays a 7.85% coupon.
$400 10.12. 2013 10.12.2023 374 459
$2,000 23.10. 2018 23.12.2023 394 491
quake recovery efforts and $3bn for UAE export credits. It is unknown what type of papers will be sold and when.
Issuer
ISIN
Coupon
Volume (USD mn)
End of placement
Maturity
UST+
CDS+
Awaited eurobond auctions by major Turkish issuers
Date
Up to USDbn
Sold
Type
02.11.2023
27.10.2023
25.10.2023
18.10.2023
18.10.2023
09.10.2023
05.10.2023
28.09.2023
28.09.2023
27.09.2023
20.09.2023
14.09.2023
14.09.2023
14.09.2023
14.09.2023
07.09.2023
31.08.2023
31.08.2023
24.08.2023
09.08.2023
27.07.2023
20.07.2023
19.07.2023
Aktifbank
Pasha Yatirim Bankasi
Ziraat Katilim Bankasi
QNB Finansbank (QNBFB)
QNB Finansbank (QNBFB)
QNB Finansbank (QNBFB)
Destek Yatirim Bankasi
Mersin Liman
Kalibre Boru
TAV (TAVHL)
Ford Otosan (FROTO)
Eximbank
Fiba Yenilenebilir Enerji Holding
Akbank (AKBNK)
Akbank (AKBNK)
Isbank (ISCTR)
Vakifbank
Nurol Holding
Garanti (GARAN)
Destek Yatirim Bankasi
Isbank (ISCTR)
Arcelik
Garanti (GARAN)
SPK Approval
SPK Approval
SPK Approval
SPK Application
SPK Application
Board mandate
SPK Approval
SPK Approval
SPK Approval
SPK Application
SPK Approval
SPK Approval
SPK Approval
SPK Approval
SPK Approval
SPK Approval
SPK Approval
SPK Approval
SPK Approval
SPK Approval
SPK Approval
SPK Approval
GMTN Programme Renewal
TRY0.75 -
0.025 -
0.5 6.11.2023
4 -
1 -
0.3 -
0.02 -
0.6 8.11.2023
0.075 -
0.75 -
€0.5 -
3 25.10.2023
0.2 -
2 -
2 -
2 -
1 19.09.2023
0.5 -
2 -
0.015 -
GBP 0.02 -
0.5 -
6 -
papers abroad
papers abroad
sukuk
papers abroad
subordinated
subordinated
papers abroad
eurobond
papers abroad
papers abroad
papers abroad
eurobond
papers abroad
papers abroad
green
green
green
papers abroad
green
papers abroad
XS2658516732, 29.07.2024
papers abroad
papers abroad
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