Turkey launches $2bn March 2027 bond at 6.15%
QNB Finansbank
Ankara - Arab Today
Turkey has launched a $2 billion March 2027 senior unsecured global bond at 6.15 percent. The sovereign is rated Ba1/BB/BBB-.
The USD benchmark offers a semi-annual coupon of 6 percent and matures on March 25, 2027. It offers investors a yield of 6.15 percent (semi-annual), which is equivalent to a spread of 375.7 basis points over the 2 percent US Treasury due Nov. 15, 2026.
The international offering attracted strong interest around the world being more than three times oversubscribed with excess of $6 billion order book from 256 accounts across the US, EU and other regions.
QNB Capital acted as joint-lead managers and book-runner on the transaction along with Barclays, Citi and Goldman Sachs.
QNB Group is present in Turkey through QNB Finansbank which is ranked the fifth largest privately owned universal bank by total assets, customer deposits and loans in the Turkish market.
Source: Arab News
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