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International bonds: Turkey, 12.375% 15jun2009, USD
US900123AJ93

  • Placement amount
    1,250,000,000 USD
  • Outstanding amount
    1,250,000,000 USD
  • Minimum Settlement Amount
    100,000 USD
  • ISIN
    US900123AJ93
  • CFI
    DBFUGR
  • FIGI
    BBG0008KB6B8
  • Ticker
    TURKEY 12.375 06/15/09

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Corporate Action Notices

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Issue information

Profile
Turkey has the sixth largest local currency bond market among the emerging market countries. Its key instruments are corporate bonds, commercial paper and bank bills. The corporate bond market in Turkey amounted to only TL481 million ...
Turkey has the sixth largest local currency bond market among the emerging market countries. Its key instruments are corporate bonds, commercial paper and bank bills.

The corporate bond market in Turkey amounted to only TL481 million (US$340million) at the end of 2009, jumping up to TL1.4 billion5 (US$1.9 billion) in end 2010 and to TL4.3 billion in end 2011. This is still very small in comparison to other major emerging market countries.

Since the Turkish eurobond market opened in early 2011, banks and corporates are now allowed to issue eurobonds directly without having to pay withholding tax on interest payments under the bonds. This change in law, along with the favourable market conditions, has encouraged many Turkish issuers (predominantly banks) to come to market.

Strategic benchmarks in public debt are:
- To make borrowing mainly in TL;
- To use fixed rate TL instruments as the major source of domestic cash borrowing and decrease the share of debt which has interest rate refixing period less than 12 months;
- To increase the average maturity of domestic cash borrowing taking market conditions into consideration and decrease the share of debt maturing within 12 months;
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  • Borrower
    Go to the issuer page
    Turkey
  • Full borrower / issuer name
    Turkey
  • Sector
    Sovereign
Volume
  • Placement amount
    1,250,000,000 USD
  • Outstanding amount
    1,250,000,000 USD
Nominal
  • Minimum Settlement Amount
    100,000 USD
  • Outstanding face value
    *** USD
  • Integral multiple
    *** USD
  • Nominal
    1,000 USD

Cash flow parameters

  • Reference rate
    ***
  • Coupon Rate
    ***
  • Interest Accrual Date
    ***
  • Coupon frequency
    *** time(s) per year
  • Payment currency
    ***
  • Maturity date
    ***

Cash flow

Calculations for international bonds are made according to the minimum trading lot
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Early redemption terms

***

Find Any Data on Any Bond in Just One Click

Full data on over 500,000 bonds and stocks worldwide

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Ratings from the top 3 global ratings agencies, plus over 70 local ones

Over 300 pricing sources from the OTC market and world stock exchanges

User-friendly and intuitive across multiple platforms

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×

— Are you looking for complete & verified bond data?

— We have everything
you need:

  • full data on over 700 000 bonds, stocks & ETFs;
  • powerful bond screener;
  • over 350 pricing sources among stock exchanges & OTC market;
  • ratings & financial reports;
  • user-friendly interface;
  • available anywhere via Website, Excel Add-in and Mobile app.

Register
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Why

You will have detailed descriptive & pricing data for 652K bonds, 76K stocks, 8K ETFs
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Placement

  • Placement method
    Open subscription
  • Placement type
    Public
  • Placement
    ***
  • Geographic breakdown
    ***
  • Investor breakdown
    ***

Conversion and exchange

  • Conversion terms
    ***

Additional information

***

Latest issues

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News

20/03/2023 Fitch Ratings affirms Turkey at "B" (LT Int. Scale (foreign curr.) credit rating); outlook negative
20/03/2023 Fitch Ratings affirms Turkey at "B" (LT Int. Scale (local curr.) credit rating); outlook negative
13/03/2023 New issue: Issuer Turkey issued international bonds (US90014TAJ07) with the coupon rate of 9.375% in the amount of USD 2250 mln maturing in 2029
10/03/2023 New issue: Issuer Turkey issued bonds (TRT010328T12) in the amount of TRY 15667 mln maturing in 2028
27/02/2023 New issue: Issuer Turkey issued bonds (TRD160228T14) with the coupon rate of 9.28% in the amount of TRY 9946 mln maturing in 2028
All organization news

Related entities

In which the company has interests

Identifiers

  • ISIN
    ***
  • CUSIP
    ***
  • CFI
    DBFUGR
  • FIGI
    BBG0008KB6B8
  • Ticker
    TURKEY 12.375 06/15/09
  • Type of security by CBR
    ***

Ratings

Bond classification

  • Registered
  • Coupon bonds
  • Restructuring
  • Amortization
  • Callable
  • CDO
  • Convertible
  • Dual currency bonds
  • Variable rate
  • For qualified investors (CIS region)
  • Foreign bonds
  • Green bonds
  • Guaranteed
  • Inflation-linked principal
  • Supranational bond issues
  • Inflation-linked coupon
  • Mortgage bonds
  • Perpetual
  • Payment-in-kind
  • Non-Marketable Securities
  • Redemption Linked
  • Retail bonds
  • Covered
  • Securitization
  • Structured product
  • Commercial Bonds
  • Subordinated
  • Sukuk
  • Trace-eligible
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Restructuring

***

***

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