Obligation Turkey 6.875% ( US900123AY60 ) en USD

Société émettrice Turkey
Prix sur le marché 92.38 %  ⇌ 
Pays  Turquie
Code ISIN  US900123AY60 ( en USD )
Coupon 6.875% par an ( paiement semestriel )
Echéance 16/03/2036



Prospectus brochure de l'obligation Turkey US900123AY60 en USD 6.875%, échéance 16/03/2036


Montant Minimal 2 000 USD
Montant de l'émission 2 750 000 000 USD
Cusip 900123AY6
Notation Standard & Poor's ( S&P ) N/A
Notation Moody's BA3 ( Spéculatif )
Prochain Coupon 17/03/2022 ( Dans 174 jours )
Description détaillée L'Obligation émise par Turkey ( Turquie ) , en USD, avec le code ISIN US900123AY60, paye un coupon de 6.875% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 16/03/2036

L'Obligation émise par Turkey ( Turquie ) , en USD, avec le code ISIN US900123AY60, a été notée BA3 ( Spéculatif ) par l'agence de notation Moody's.

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Table of Contents
Filed Pursuant to Rule 424(b)(5)
File No. 333-112081

PROSPECTUS SUPPLEMENT
(To the Prospectus dated February 18, 2004)
$1,500,000,000

TÜRK·YE CUMHUR·YET·
(The Republic of Turkey)
6.875% Notes due March 17, 2036

The Republic of Turkey (the "Republic" or "Turkey") is offering $1,500,000,000 principal amount of its 6.875% Notes due
March 17, 2036. The notes will constitute direct, general and unconditional obligations of the Republic. The full faith and credit of
the Republic will be pledged for the due and punctual payment of all principal and interest on the notes. The Republic will pay
interest on March 17 and September 17 of each year, beginning on September 17, 2006.
This prospectus supplement and accompanying prospectus dated February 18, 2004, constitute a prospectus for the purposes of
Directive 2003/71/EC (the "Prospectus Directive").
Application has been made to the Commission de Surveillance du Secteur Financier of the Grand Duchy of Luxembourg
(the"CSSF"), as competent authority under the Prospectus Directive, to approve this prospectus supplement and the
accompanying prospectus dated February 18, 2004 as a prospectus for the purposes of the Prospectus Directive. Application has
been made to list and trade the notes on the Regulated Market "Bourse de Luxembourg" of the Luxembourg Stock Exchange.
See the section entitled "Risk Factors" for a discussion of certain factors you should consider before investing in the
notes.
The notes will be designated Collective Action Securities and, as such, will contain provisions regarding acceleration and
voting on amendments, modifications, changes and waivers that differ from those applicable to certain other series of U.S. dollar
denominated debt securities issued by the Republic. Under these provisions, which are described in the sections entitled
"Description of the Notes -- Default; Acceleration of Maturity" and "-- Amendments and Waivers" beginning on page S-14 of
this prospectus supplement and "Collective Action Securities" beginning on page 13 of the accompanying prospectus, the
Republic may amend the payment provisions of the notes and certain other terms with the consent of the holders of 75% of the
aggregate principal amount of the outstanding notes.









Per Note
Total

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Public offering price

96.890%
$1,453,350,000
Underwriting discount

0.125%
$
1,875,000
Proceeds, before expenses, to the Republic of Turkey

96.765%
$1,451,475,000


Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these
notes or determined that this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to
the contrary is a criminal offense.
The underwriters are offering the notes subject to various conditions. The underwriters expect to deliver the notes on or about
January 17, 2006, through the book-entry facilities of The Depository Trust Company or DTC, against payment in same-day
funds.

Joint Book Running Managers



Citigroup
Deutsche Bank
Securities

Co-Managers



ABN AMRO
Bear Stearns International Limited
Commerzbank Corporates and Markets
Credit Suisse First Boston (Europe)
Limited
Goldman Sachs International
HSBC
IS INVESTMENT SECURITIES
Merrill Lynch & Co.
Turkiye Sinai Kalkinma Bankasi AS
The date of this prospectus supplement is January 4, 2006.

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The Republic accepts responsibility for the information contained within this document. The Republic declares
that having taken all reasonable care to ensure that such is the case, the information contained in this document is, to
the best of its knowledge, in accordance with the facts and makes no omission likely to affect its import.
Unless otherwise stated, all annual information, including budgetary information, is based upon calendar years.
Figures included in this prospectus supplement and the accompanying prospectus have been subject to rounding
adjustments; accordingly, figures shown for the same item of information may vary, and figures that are totals may
not be an arithmetical aggregate of their components.
You should rely only on the information contained in this prospectus supplement and the accompanying
prospectus, including the documents incorporated by reference, in making your investment decision. We have not
authorized anyone to provide you with any other information. If you receive any unauthorized information, you must
not rely on it.
We are offering to sell the notes only in places where offers and sales are permitted.
You should not assume that the information contained in this prospectus supplement or the accompanying
prospectus is accurate as of any date other than its respective date.

TABLE OF CONTENTS




Prospectus Supplement

Page
Summary

S-3
Risk Factors

S-6
Recent Developments

S-10
Description of The Notes

S-11
Global Clearance and Settlement

S-19
Taxation

S-23
Underwriting

S-27
Legal Matters

S-30
Table of References

S-31




Prospectus

Page
Where You Can Find More Information


2
Use of Proceeds


3
Debt Securities


3
Collective Action Securities


13
Plan of Distribution


16
Validity of The Securities


17
Official Statements


17
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Authorized Agent


17

We are a foreign sovereign state. Consequently, it may be difficult for investors to obtain or realize upon
judgments of courts in the United States against us. See "Debt Securities -- Governing Law and Consent to Service"
in the accompanying prospectus.
References to "TL" in this prospectus supplement are to the Turkish Lira, the Republic's official currency prior to
January 1, 2005. References to "YTL" in this prospectus supplement are to the New Turkish Lira, the Republic's
new official currency, which was introduced on January 1, 2005. References to "US$", "$", "U.S. dollars" and
"dollars" in this prospectus supplement are to lawful money of the United States of America.
Translations of amounts from New Turkish Lira to dollars are solely for the convenience of the reader and, unless
otherwise stated, are made at the exchange rate prevailing at the time as of which such amounts are specified. No
representation is made that the New Turkish Lira or dollar amounts referred to herein could have been or could be
converted into dollars or New Turkish Lira, as the case may be, at any particular rate or at all.
S-2
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Document Outline