Eurobond issued by Turkey’s Treasury receives US$ 6 billion demand
Turkey has enjoyed sales worth US$ 2 billion for 5Y Eurobond issued by the treasury with yield rate of 7.5 percent. The Treasury realized exports of dollar-denominated 5Y bonds in the scope of this year’s external borrowing program. It is reported that there was a demand of three times the issued amount from over 250 investors. It is also stated that Deutsche Bank, Goldman Sachs and Societe Generale were given the authority to issue bonds, and the issue was concluded on the same day and realized as $ 2 billion.
Treasury and Finance Minister ALBAYRAK made comments on the issue saying this performance was an indicator of trust. The minister went on to say, “This demand, which is more than 3 times the amount of exports in a period when the fluctuations in the global financial system are so high, is quite important for the markets and investors and an indicator of the confidence in the sound economic and financial indicators of our country”.
The Minister also said “The Tender has reflected the fact that Turkey’s strong economic fundamentals, its resistance to external shocks and the effects of policies and measures that we have implemented are extremely well received by investors”.
Albayrak stressed that the demand, which was more than 3 times the amount of exports in a period when the fluctuations in the global financial system was so high, was very important as the markets and investors were an indicator of the confidence in the country’s sound economic and financial indicators.
The Minister also said, “As we proceed to reach our goals set forth within the framework of YEP (New Economic Program) and put our strategies and policies into practice we will enjoy higher trust in the global markets and our macroeconomic indicators will reach better levels. We will implement our policies for budgetary discipline, economic balancing, export and technology production, which are the main areas of YEP, especially the combat with inflation, step by step”.
