2/17/2022

Turkish Treasury Raises USD 3 billion from Global Investors via Sukuk Issuance

​In its first USD-denominated debt certificate issuance since September 2021, the Ministry of Treasury and Finance raised USD 3 billion from international capital markets through a Sukuk (lease certificate) issuance on February 16, with a total demand of over three times of the actual issue size.

According to a press release from the Ministry, over 200 investors attended the Sukuk issuance, with 66 percent operating in the Middle East, 12 percent in the US, 12 percent in the UK, 5 percent in other European countries, 4 percent in Türkiye, and 1 percent in Asia.

Citibank, Dubai Islamic Bank, HSBC and Kuwait Finance House were mandated lead arrangers (MLA) in the Sukuk issuance, which had maturity of five years and a lease rate of 7.25 percent.
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Ministry of Treasury and Finance; Sukuk issuance; Türkiye