The Treasury completed the year's first external borrowing with 3.5 billion dollars.

Hazine's External Borrowing Process

On January 7, 2023, the Treasury completed its first external borrowing of the year by issuing dual tranche bonds worth 3.5 billion dollars. This transaction was an important financial step expected to reflect in the Treasury accounts on January 14.

Bond Issuance Details

According to the details of the issuance, the yield rate of the bond maturing in March 2033 was set at 6.350%, and the coupon rate was determined as 6.300%; meanwhile, for the bond maturing in January 2038, the yield rate was 6.900% and the coupon rate was 6.875%.

Investor Demand and Regional Distribution

The issuance attracted over 200 investors and received demand more than 3 times the issuance amount. The geographical distribution of the bond sales was quite interesting; 43% of the bonds were sold to the UK, 17% to Turkey, 13% to the USA, 13% to the Middle East, 12% to other European countries, and 2% to Asian investors.

Financing Program and Authorized Banks

This bond issuance was carried out within the framework of the 2026 external financing program. For the issuance, significant financial institutions such as Abu Dhabi Commercial Bank, BNP Paribas, Citi, Goldman Sachs, and Standard Chartered were authorized on January 7, 2026.