The Treasury completed the first foreign borrowing of the year.
According to the statement made by the Ministry of Treasury and Finance, the issuance size of the first eurobond issue of the year was 2.75 billion dollars. The coupon rate of the bond with a maturity of 19 January 2033 was 9.375 percent and the yield rate was 9.750 percent.
It was stated that more than 300 investors demanded the issue more than 3 times the issue price.
37 percent of the bond was sold to the UK, 25 percent to the USA, 14 percent to other European countries, 12 percent to Turkey, 11 percent to the Middle East and 1 percent to investors in other countries.
The Ministry announced that the issuance amount will enter their accounts on January 19, 2023.
Within the framework of the 2023 foreign financing program, Citi, Goldman Sachs and Standard Chartered Bank were authorized on January 11, 2023 to issue a USD-denominated bond with a maturity of 2033.
With this bond issuance, a total of $2.75 billion financing was obtained from international capital markets in 2023.
