Bond Turkiye 10.4% ( TRT131032T13 ) in TRY

Issuer	Turkiye
Market price	100 % ▲
Country	Turkey
ISIN code	TRT131032T13 ( in TRY )
Interest rate	10.4% per year ( payment 1 time a year)
Maturity	13/10/2032
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Minimal amount	/
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Next Coupon	26/10/2025 ( In 57 days )
Detailed description	Turkey is a transcontinental Eurasian country spanning Western Asia and Southeastern Europe, with a rich history and diverse cultural heritage encompassing influences from various empires and civilizations. This financial article provides an overview of a specific sovereign bond issued by the Republic of Turkey, identified by the ISIN code TRT131032T13. The Republic of Turkey, serving as both the issuer and the country of issuance, is a significant emerging market economy with a strategic geopolitical position and a diverse economic base, making its sovereign debt instruments a notable component within the global fixed-income landscape. As a direct obligation of the Turkish state, this bond?s value and performance are intrinsically linked to Turkey's macroeconomic stability, fiscal health, and broader creditworthiness. This particular debt instrument is a bond with a maturity date of October 13, 2032, categorizing it as a long-term investment opportunity. It features a fixed annual interest rate, or coupon, of 10.4%, designed to provide investors with a predictable income stream until its redemption. The bond is denominated in Turkish Lira (TRY), exposing investors to the domestic currency's performance. Furthermore, the bond is currently trading at 100% of its par value on the market, indicating that its current yield aligns with its coupon rate, or that it is being valued at its face amount, reflecting prevailing market conditions for comparable sovereign debt. Investors evaluating this bond would typically consider the attractive yield alongside the macroeconomic environment in Turkey, including inflation trends, interest rate policies, and currency stability, as critical factors influencing the investment's overall return profile.