International bonds: Turkey, 5.625% 30mar2021, USD (US900123BH29, 900123BH2)
| Status | Country of risk | Maturity (option) | Amount
i This field shows outstanding face value amount for outstanding bonds
| Issue ratings (M/S&P/F) |
|---|---|---|---|---|
| outstanding | Turkey | **/**/**** | 2,000,000,000 USD | ***/***/*** |
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Issue information
| Borrower | Turkey |
| Bond type | Coupon bonds |
| Form of issue | Registered documentary bonds |
| Placement method | Open subscription |
| Par amount, integral multiple | 1,000 USD |
| Nominal of international bonds | 1,000 USD |
| Minimum settlement amount | 100,000 USD |
| Outstanding principal amount | 100,000 USD |
| Amount | 2,000,000,000 USD |
| Outstanding face value amount | 2,000,000,000 USD |
| Placement date | **/**/**** |
| Maturity date | **/**/**** |
| Redemption price | 100% |
| Floating rate | No |
| Coupon Rate | *.***% |
| Current coupon rate | 5.625% |
| Day count fraction | *** |
| ACI | *** (12/06/2019) |
| Coupon frequency | 2 time(s) per year |
| Interest accrual date | **/**/**** |
| Listing | Luxembourg S.E. |
| Issue is included in calculation of indices | Euro-Cbonds NIG Sovereign EM, Euro-Cbonds NIG Sovereign Eastern Europe, Euro-Cbonds Sovereign Turkey |
Related issues
- Turkey, 5.75% 11may2047, USD
- Turkey, 7.375% 5feb2025, USD
- Turkey, 6% 25mar2027, USD
- Turkey, 4.875% 9oct2026, USD
- Turkey, 4.875% 16apr2043, USD
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Cbonds ValuationiIndicative bond and international bond quotes by Cbonds are calculated based on the methodology. The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset. :
Indicative bond and international bond quotes by Cbonds are calculated based on the methodology. The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset.
| Trading floor | Date and time | Bid/ ask price (Yield) | Indicative price (Yield)
i Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
| G-spread | T-spread, bp
i T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
| |
|---|---|---|---|---|---|---|
i Indicative bond and international bond quotes by Cbonds are calculated based on the methodology described here http://ru.cbonds.com/organizations/docdownload/8715. The end result of the methodology is a single end-of-day Cbonds quote, which is based on bid and ask data of various trading floors and contributors working with this asset. Quotes are published both anonymously and publicly in the section Bond Quotes by Market Participants: http://cbonds.com/quotes/market/. These quotes are indicative only. Organizations posting the quotes have no obligations to conduct transactions at these prices. To learn the actual current prices, you need to contact the respective organization. Trading floor quotes are available at http://cbonds.com/quotes/. | 12/05/2019 | *** / *** (*** / ***) | *** (***) | *** | *** | Archive |
Bond Quotes by Market Participants
| Market participant | Date and time | Bid/ask or last price (Yield) | |
|---|---|---|---|
| Patria Finance | 12/06/2019 23:07 | ***.*** / ***.*** (*.** / *.**) | |
| Akbank | 12/06/2019 12:42 | ***.**** / ***.**** (*.** / *.**) | |
| Garanti Bank | 12/06/2019 11:51 | ***.**** / ***.**** (*.** / *.**) | |
| Anonymous participant 20 | 12/04/2019 | ***.** (*.**) | |
| DSK Bank | 12/03/2019 | ***.*** / ***.*** (***,***.** / ***,***.**) | |
| IS Yatirim | 11/29/2019 | ***.*** / ***.*** (*.** / *.**) |
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Price chart
Stock exchange and OTC quotes
| Trading floor | Date and time | Bid/ ask price (Yield) | Indicative price (Yield)
i Indicative price is used to calculate the effective yield, duration, modified duration and is calculated according to the following priority of prices: weighted average price (Average), market price (Market), closing price (Close), admitted price (Admitted), middle price (Mid), last price (Last). Indicative yield is calculated according to the following priority of yields: yield to maturity (effective), yield to put/call (effective), current yield.
| G-spread | T-spread, bp
i T-spread is calculated as the difference between the issue yield and the yield on government securities of the USA, Great Britain and Germany in the corresponding issue currency and with comparable modified duration (the calculations are based on the effective yields only). The value is computed only for issues in USD, EUR, GBP.
| |
|---|---|---|---|---|---|---|
| 12/06/2019 19:44 | ***.*** / ***.*** (*.** / *.**) | ***.*** (*.**) | ||||
| 12/06/2019 19:17 | ***.** / ***.** (*.** / *.**) | ***.** (*.**) | ||||
| MUNICH SE | 12/06/2019 20:15 | ***.** / ***.** (*.** / *.**) | ***.** (*.**) | |||
| 12/06/2019 | *** / *** (*** / ***) | *** (***) | *** | *** | Archive | |
| 12/06/2019 | *** / *** (*** / ***) | *** (***) | *** | *** | Archive | |
| MUNICH SE | 12/06/2019 | *** / *** (*** / ***) | *** (***) | *** | *** | Archive |
| 12/05/2019 | *** / *** (*** / ***) | *** (***) | *** | *** | Archive | |
i EuroTLX SIM S.p.A. manages the Multilateral Trading Facility (MTF) EuroTLX, targeted to the non-professional investors’ needs and mainly focused on fixed income securities. | 12/05/2019 | *** / *** (*** / ***) | *** (***) | *** | *** | Archive |
| 12/05/2019 | *** / *** (*** / ***) | *** (***) | *** | *** | Archive |
Bond classification
| Subordinated | |
| Sinkable bond | |
| Perpetual | |
| Convertible | |
| Structured product | |
| Restructuring | |
| Securitization | |
| Mortgage bonds | |
| Trace-eligible |
| Covered | |
| Foreign bonds | |
| CDO | |
| Sukuk | |
| Retail bonds | |
| Supranational bond issues | |
| Green bonds | |
| Non-Marketable Securities |
Identifiers
| ISIN / ISIN RegS | US900123BH29 |
| CUSIP / CUSIP RegS | 900123BH2 |
| Common Code / Common Code RegS | 049635966 |
| CFI / CFI RegS | DBFUFR |
| FIGI / FIGI RegS | BBG0000VCXX8 |
| WKN / WKN RegS | A1AUWG |
| SEDOL | BLDYR37 |
| Ticker | TURKEY 5.625 03/30/21 |
Primary placement
| Issuer rating on issue date (M/S&P/F) | ***/***/*** |
| Placement | **/**/**** - **/**/**** |
| Initial issue amount | *,***,***,*** |
| Initial issue price (yield) | **.***% (*.**%) |
| Spread over US Treasuries, bp | ***.* |
| Spread over mid-swaps, bp | ***.** |
| Settlement Duration | *.** |
| Geographic breakdown | Turkey - **%, US - **%, UK- **%, other European countries- **% |
| Investor breakdown | Fund managers - **%, banks - **%, hedge funds - **%, pension funds and insurance companies - *%, private banking- *%, others - *% |
Participants
| Bookrunner: | Bank of America Merrill Lynch, Barclays, RBS, Goldman Sachs |
| Depository: | DTCC, Clearstream Banking S.A., Euroclear Bank |
Tap issues
| № | Date | Placed amount/buyback (par), m | Weighted average price | Weighted average yield, % | Placement participants |
|---|---|---|---|---|---|
| 1 | **/**/**** | *,*** | ***.** | *.** | Bookrunner:
Barclays, Goldman Sachs |
Payment schedule
*****
| Coupon date | Coupon, % | Coupon payment amount, USD | Redemption of principal, USD | ||
|---|---|---|---|---|---|
| Show previous | |||||
| 1 | **/**/**** | *.*** | *,*** | ||
| 2 | **/**/**** | *.*** | *,***.* | ||
| 3 | **/**/**** | *.*** | *,***.* | ||
| 4 | **/**/**** | *.*** | *,***.* | ||
| 5 | **/**/**** | *.*** | *,***.* | ||
| 6 | **/**/**** | *.*** | *,***.* | ||
| 7 | **/**/**** | *.*** | *,***.* | ||
| 8 | **/**/**** | *.*** | *,***.* | ||
| 9 | **/**/**** | *.*** | *,***.* | ||
| 10 | **/**/**** | *.*** | *,***.* | ||
| 11 | **/**/**** | *.*** | *,***.* | ||
| 12 | **/**/**** | *.*** | *,***.* | ||
| 13 | **/**/**** | *.*** | *,***.* | ||
| 14 | **/**/**** | *.*** | *,***.* | ||
| 15 | **/**/**** | *.*** | *,***.* | ||
| 16 | **/**/**** | *.*** | *,***.* | ||
| 17 | **/**/**** | *.*** | *,***.* | ||
| 18 | **/**/**** | *.*** | *,***.* | ||
| 19 | **/**/**** | *.*** | *,***.* | ||
| 20 | **/**/**** | *.*** | *,***.* | ||
| 21 | **/**/**** | *.*** | *,***.* | ||
| 22 | **/**/**** | *.*** | *,***.* | ***,*** | |
| Show following | |||||
Issue ratings
Turkey, 5.625% 30mar2021, USD
| Rating Agency | Rating / Outlook | Scale | Date |
|---|---|---|---|
| Fitch Ratings | ***/*** | LT Int. Scale (foreign curr.) | 11/01/2019 |
| Moody's Investors Service | ***/*** | LT- foreign currency | 06/14/2019 |
| Scope Ratings | ***/*** | Rating | 06/14/2019 |
Issuer ratings
Turkey
| Rating Agency | Rating / Outlook | Scale | Date |
|---|---|---|---|
| Dagong Global | ***/*** | International scale rating (local curr.) | 03/23/2018 |
| Dagong Global | ***/*** | International scale rating (foreign curr.) | 03/23/2018 |
| Fitch Ratings | ***/*** | LT Int. Scale (local curr.) | 11/01/2019 |
| Fitch Ratings | ***/*** | LT Int. Scale (foreign curr.) | 11/01/2019 |
| Japan Credit Rating Agency | ***/*** | Foreign Currency Long-term Issuer Rating | 11/27/2018 |
| Japan Credit Rating Agency | ***/*** | Local Currency Long-term Issuer Rating | 11/27/2018 |
| Moody's Investors Service | ***/*** | LT- foreign currency | 06/14/2019 |
| Moody's Investors Service | ***/*** | LT- local currency | 06/14/2019 |
| Organisation for Economic Co-operation and Development (OECD) | ***/*** | Country Risk Classifications | 06/25/2018 |
| S&P Global Ratings | ***/*** | Foreign Currency LT | 08/17/2018 |
| S&P Global Ratings | ***/*** | Local Currency LT | 08/17/2018 |
| Scope Ratings | ***/*** | Issuer Rating | 06/14/2019 |
| Scope Ratings | ***/*** | Issuer Rating (foreign currency) | 06/14/2019 |
| Scope Ratings | ***/*** | Senior Unsecured Debt Rating | 06/14/2019 |
| Scope Ratings | ***/*** | Senior Unsecured Debt Rating (foreign currency) | 06/14/2019 |
