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Doha, Qatar - January 21, 2017 Republic of Turkey (Ba1/BB/BBB-) priced yesterday a USD 2 Billion long 10-year Senior Unsecured global bond. The USD benchmark offers a semi-annual coupon of 6.00% and matures on 25 March 2027. It offers investors a yield of 6.15% (semi-annual), which is equivalent to a spread of 375.7 basis points over the 2% US Treasury due 15 Nov 2026. The international offering attracted strong interest around the world being more than 3 times oversubscribed with excess of USD 6 billion orderbook from 256 accounts across the US, EU, and other regions. QNB Capital acted as a 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.
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