Hint mode is switched on Switch off
For swift navigation between sections

Country: Turkey
LEI 5493000PCHOG3B6S3Q85

Full name of organization
Republic of Turkey
Country of risk
Turkey
Country of registration
Turkey
Industry
-
Credit ratings
in foreign currency
  • M/S&P/F
    ***/***/***
Bond debt
201,824 mln USD
DATA PLATFORM FOR FINANCIAL MARKET PROFESSIONALS AND INVESTORS
  • High performance interface for global bond market screening
  • Full information on close to 400,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 60 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

Latest data on

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;

Awards

Company analytics

{{ comment.date }}
All analytics

Latest issues

Documentation

Affiliates

Stocks

About company

  • Address
    C/O The Undersecretariat of Treasury of the Republic Prime Ministry Ismet Inonu Bulvari No. 36 Emek, Ankara, Turkey, 06510
  • Site

Bond debt by currency

Codes

  • LEI
    5493000PCHOG3B6S3Q85
  • SIC
    8888 FOREIGN GOVERNMENTS
  • CIK
    0000869687

Credit ratings

Indices by country