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Türkiye has attracted strong investor demand in its latest bond sale, securing $2 billion from international markets through a 2032-maturity eurobond issuance.
The transaction, conducted on Wednesday, represents the country’s largest external borrowing operation in 2025.
The dollar-denominated bond, offering a coupon rate of 7.25% and yielding 7.45%, was met with bids from over 140 institutional investors.
Demand exceeded 2.5 times the issued amount, underscoring significant global appetite for Turkish debt and reinforcing confidence in Türkiye’s macroeconomic trajectory.
According to the Treasury and Finance Ministry, the proceeds are set to be transferred to Türkiye’s accounts on May 29, 2025, under a deal led by Bank of America, BNP Paribas, HSBC, and Morgan Stanley.
According to the ministry, the high level of interest in the bond reflects continued investor trust in Türkiye’s ability to manage its external obligations and sustain access to global capital under favorable conditions.
The distribution of the bond further highlights the depth of interest from mature financial markets. Investors based in the United Kingdom accounted for 38% of the allocation, while U.S.-based institutions purchased 30%.
Turkish investors made up 15%, followed by investors from other European countries at 13%, and the remaining 4% from various other jurisdictions.
With this latest issuance, Türkiye has now secured $4.5 billion from international markets, effectively meeting half of its external financing goal for the year.
The ministry emphasized that the successful placement supports the country’s broader debt management strategy, which seeks to diversify funding sources and lock in financing under stable terms.
Eurobonds—international bonds issued in a foreign currency—remain a key element in Türkiye’s borrowing framework, helping the government manage foreign exchange liabilities and maintain financial market credibility.
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