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.
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Turkey
US900123AV22 ( in USD )
