Download Result Of The Eurobond Transaction Announced On April 28, 2016

REPUBLIC OF TURKEY
PRIME MINISTRY
UNDERSECRETARIAT OF TREASURY
April 29, 2016
PRESS RELEASE
As announced on April 28, 2016, Treasury had mandated BNP Paribas,
Goldman Sachs and JP Morgan for reopening of its Dollar denominated notes due
February 17, 2045. The transaction was finalized with a nominal amount of USD 1.5
billion. The proceeds of the issue will be transferred to the Treasury accounts on May
4, 2016.
The bond has a coupon rate of 6.625% and a yield to investor of 5.400%. The
offering attracted an orderbook of approximately 3 times the actual issue size from
more than 150 accounts. 40% of the bonds have been sold to investors in the US,
32% in the UK, 11% in other Europe, 9% in other regions and 8% in Turkey.
With this transaction, the amount of funds that have been raised from the
international capital markets as part of the up to USD 4.5 billion worth of 2016
Eurobond issuance program has reached USD 3 billion.
International Bond Issuances in 2016
Issue Date
Currency
Size
Maturity
Date
Coupon
Rate (%)
Price
(%)
Yield to
Investor
(%)
Yield to Investor
(Spread)
09.03.2016
USD
1.5 billion
09.10.2026
4.875
98.977
5.00
UST + 316.3 bps
04.05.2016
USD
1.5 billion
17.02.2045
6.625
117.781
5.40
UST + 271.7 bps
Disclaimer: These materials are not an offer for sale of securities in the United States. Securities may not be sold
in the United States absent registration with the United States Securities and Exchange Commission or an
exemption from registration under the U.S. Securities Act of 1933, as amended. Any public offering of securities
to be made in the United States will be made by means of a prospectus that may be obtained from the Republic of
Turkey or the Underwriters and that will contain detailed information about the Republic of Turkey, including
financial information. The Republic of Turkey has registered this offering in United States.
PRESS AND PUBLIC RELATIONS ADVISORY
Tel: (+90) 312 - 204 74 51 - (+90) 312 - 204 70 74
Fax: (+90) 312 - 204 74 53
E-mail: [email protected]
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