Bond Turkiye 7.25% ( US900123AV22 ) in USD
Issuer | Turkiye | ||
Market price | 100 % ⇌ | ||
Country | ![]() |
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ISIN code |
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Interest rate | 7.25% per year ( payment 2 times a year) | ||
Maturity | 15/03/2015 - Bond has expired | ||
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Minimal amount | 2 000 USD | ||
Total amount | 2 750 000 000 USD | ||
Cusip | 900123AV2 | ||
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. An examination of a particular sovereign bond issued by Turkey, specifically identified by ISIN US900123AV22 and CUSIP 900123AV2, reveals a fully matured and redeemed debt instrument. The Republic of Turkey, the sovereign issuer, is a significant participant in international capital markets, consistently raising funds to finance its public expenditures and economic development projects, thereby playing a crucial role in the global emerging market debt landscape. This specific bond, issued by Turkey and denominated in United States Dollars (USD), featured a fixed interest rate of 7.25%, with interest payments made semi-annually, corresponding to a payment frequency of two times per year. The total size of this issuance amounted to USD 2,750,000,000, catering to investors with a minimum purchase size of USD 2,000. At its market close, or pricing, the bond was trading at 100% of its face value. This bond reached its maturity date on March 15, 2015, and has subsequently been fully repaid, underscoring the issuer's commitment to honoring its financial obligations to bondholders. |