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Turkish treasury successfully issued a $2.5 billion sukuk in international capital markets on Tuesday, with investor demand exceeding twice the amount offered, the Treasury and Finance Ministry announced.
According to the ministry's statement, the five-year sukuk—a lease-based Islamic financial certificate—attracted bids from 119 institutional investors, with the offering more than twice oversubscribed, reflecting strong global appetite for Türkiye’s sovereign debt instruments.
The sukuk was priced with a 6.75% lease rate and a 6.85% yield. Proceeds are expected to be credited to government accounts on July 1.
The ministry noted that Middle Eastern investors accounted for the largest share at 57%. Investors from the United Kingdom took up 17%, followed by 14% from the United States, 7% from other European countries, 4% from Türkiye, and 1% from other regions.
With this latest transaction, Türkiye has raised a total of $7 billion from international capital markets in 2025.
Türkiye's central government budget recorded a surplus of ₺235.2 billion ($5.91 billion) in May. However, the cumulative balance for the January–May period showed a deficit of ₺650.3 billion.
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