Turkish Eximbank Secures $500 Million in Global Bond Sale at 6.45% Yield

Turkish Eximbank has successfully completed a $500 million international bond issuance, reinforcing its position as a regular and credible borrower in global capital markets. The transaction attracted strong interest from international fixed-income investors, highlighting continued appetite for well-structured emerging-market debt despite ongoing volatility in global interest-rate conditions.

The bond was issued in RegS/144A format, allowing participation from both US institutional investors and offshore buyers. This structure significantly broadened the investor base and supported robust demand throughout the book-building process. The issuance has a five-year maturity, with final redemption scheduled for January 15, 2031.

The bonds were priced with a yield of 6.45% and a fixed coupon rate of 6.375%, payable semiannually. Market participants view these terms as competitive relative to comparable emerging market issuers, particularly given the current high-rate environment and tighter global financial conditions.

Broad International Syndicate Supported the Transaction

The transaction was coordinated by a large and diversified group of global financial institutions, including major banks from Europe, the United States, and the Middle East. The extensive syndicate played a key role in ensuring wide geographic distribution and strong institutional participation.

The successful completion of the demand collection process allowed Turkish Eximbank to finalize pricing within targeted levels, signaling healthy investor confidence in the bank’s credit fundamentals and long-term mandate.

Strengthening Export Financing Capacity

Turkish Eximbank serves as Turkey’s official export credit agency, providing financing, insurance, and guarantees to support exporters across a wide range of sectors. Access to long-term foreign currency funding through international bond markets enables the bank to align its funding structure with the needs of export-oriented businesses.

The proceeds from this bond issuance are expected to enhance the bank’s ability to offer competitive financing solutions, support trade expansion, and improve risk management for exporters operating in international markets. In this context, the transaction directly contributes to Turkey’s broader export-led growth strategy.

Positive Signal for Emerging Market Investors

The successful pricing of a five-year bond at a 6.45% yield sends a constructive signal to global investors regarding Turkey-related financial assets. International bond sales by state-backed financial institutions are closely watched as indicators of broader market sentiment and access to external financing.

At a time when many emerging market issuers face elevated borrowing costs or limited market access, Turkish Eximbank’s ability to attract strong demand underscores investor differentiation and confidence in institutions with clear policy mandates and consistent market presence.

Overall, the deal reinforces Turkish Eximbank’s role as a key funding channel for Turkey’s export economy, and highlights sustained global interest in emerging market fixed-income opportunities offering yield, structure, and institutional backing.