ISTANBUL, April 6 (Reuters) - The Turkish Treasury said
on Thursday it borrowed $2.5 billion in a green bond issue
maturing in 2030 with a yield to investors of 9.3% and a coupon
rate of 9.125%.
The offering attracted an orderbook of more than 3 times the
actual issue size, with 31% sold to investors in Britain, 18% in
the United States, 16% in the Middle East and 15% in other
European countries, the statement said.
The Treasury had mandated Bank of America, ING, J.P. Morgan
and Standard Chartered for the green bond issue as part of its
2023 external financing programme.
It has raised $7.5 billion from international capital
markets this year including the latest issue.
(Reporting by Daren Butler;
Editing by Jonathan Spicer)
daren.butler.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.