Bond Turkiye 21.5% ( TRT280432T14 ) in TRY

Issuer	Turkiye
Market price	100 % ⇌
Country	Turkey
ISIN code	TRT280432T14 ( in TRY )
Interest rate	21.5% per year ( payment 1 time a year)
Maturity	28/04/2032
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Minimal amount	1 TRY
Total amount	45 060 367 692 TRY
Next Coupon	28/04/2026 ( In 241 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. A significant instrument in the sovereign debt landscape, the Turkish government bond, identified by its ISIN code TRT280432T14, offers investors direct exposure to the financial performance of Turkey, an emerging market economy characterized by its dynamic economic policies and, at times, elevated inflation rates that influence its borrowing costs. This specific bond, denominated in Turkish Lira (TRY), currently trades at 100% of its par value, reflecting its present market valuation, and is part of a substantial total issuance size of 45,060,367,692 TRY, indicative of the scale of the government's financing requirements. Investors in this obligation benefit from a noteworthy fixed annual interest rate of 21.5%, with coupon payments scheduled once a year, providing a consistent income stream reflecting the prevailing interest rate environment in Turkey. The bond carries a long-term maturity profile, set to expire on April 28, 2032, making it a relevant option for those seeking extended duration exposure to the Turkish debt market, and its minimum purchase size of 1 unit ensures accessibility for a broad range of investor types.