ISTANBUL — Türkiye’s Ministry of Treasury and Finance has successfully completed a $2 billion U.S. dollar-denominated international bond issuance, attracting strong demand from foreign investors and marking another milestone in the country’s 2026 external financing program.
According to the ministry, investor demand for the offering reached nearly three times the amount issued, highlighting continued appetite for Turkish sovereign debt despite ongoing global market uncertainty. Approximately 180 international investors participated in the transaction.
The bond, which matures in 2031, carries a 6.375% coupon and was priced to yield 6.40%. The proceeds are scheduled to be transferred to the Treasury’s accounts following settlement.
The transaction forms part of Türkiye’s 2026 external financing strategy, under which the Treasury has steadily accessed international capital markets. With the latest issuance, the government has moved significantly closer to achieving its annual external borrowing objective.
Officials said the strong level of demand reflects sustained confidence among international investors in Türkiye’s sovereign credit, while market analysts noted that improving risk sentiment and lower credit default swap (CDS) spreads have supported favorable borrowing conditions in recent months.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök