Ministry of Treasury and Finance Issues $2.5 Billion Sukuk

In the $2.5 billion sukuk issuance of the Ministry of Treasury and Finance, the yield was priced at 5.125%. According to the statement from the Ministry of Treasury and Finance, demands about 4 times the issuance amount have been made by more than 200 investors.

Regional Economy 16.06.2021, 15:08 24.06.2021, 11:43
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Ministry of Treasury and Finance Issues $2.5 Billion Sukuk

In the $2.5 billion sukuk issuance of the Ministry of Treasury and Finance, the yield was priced at 5.125%. According to the statement from the Ministry of Treasury and Finance, demands about 4 times the issuance amount have been made by more than 200 investors.

Total financing of $6 billion was obtained from international capital markets.

54% of the lease certificates were sold to investors in the Middle East, 15% in Turkey, 14% in the UK, 8% in other European countries, 6% in the USA, and 3% in Asia. With this bond issuance, a total of $6 billion of financing has been obtained from international capital markets since the beginning of the year.

The issuance of lease certificates in TRY will continue

The Ministry of Treasury and Finance authorized Dubai Islamic Bank, Emirates NBD Capital, HSBS, and Standard Chartered Bank for the issuance of Regs/144a sukuk in $ with a maturity of 5 years.

In the Treasury Financing Program 2021 projections document published by the Ministry of Treasury and Finance, it was stated that while the issuance of lease certificates in TRY is planned to continue in 2021, the foreign currency lease certificate demands and/or additional demands of market participants could be evaluated separately.

Source: Bloomberg

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