Turkish Treasury borrows $2 bln via 10-year dollar bond
Some 40 percent of the bonds have been sold to investors in the U.S., 27 percent in Turkey, 20 percent in the U.K., 8 percent in other Europe, and 5 percent in other regions, according to the statement.
The bond has a coupon rate of 7.625 percent and a yield to investor of 7.68 percent.
“The total amount of the U.S. dollar bond issuance was converted into an equivalent euro liability. As a result of this swap transaction, the total euro funding cost of the bond issuance was realized as 4.965 percent,” the statement added.
With this transaction, the amount of funds that have been raised from the international capital markets as part of the $8 billion worth of 2018 Eurobond issuance program has reached $2 billion, the ministry said.