Obbligazione Turkiye 7.5% ( US900123BF62 ) in USD

Emittente Turkiye
Prezzo di mercato 100 USD  ▼ 
Paese  Turchia
Codice isin  US900123BF62 ( in USD )
Tasso d'interesse 7.5% per anno ( pagato 2 volte l'anno)
Scadenza 07/11/2019 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Turkey US900123BF62 in USD 7.5%, scaduta


Importo minimo 100 000 USD
Importo totale 1 500 000 000 USD
Cusip 900123BF6
Descrizione dettagliata La Turchia è una nazione transcontinentale situata tra l'Asia e l'Europa, con una ricca storia e una cultura variegata che fonde influenze orientali e occidentali.

The Obbligazione issued by Turkiye ( Turkey ) , in USD, with the ISIN code US900123BF62, pays a coupon of 7.5% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 07/11/2019







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Table of Contents

Filed Pursuant To Rule 424(b)(5)
Registration No. 333-133956

PROSPECTUS SUPPLEMENT
(To the Prospectus dated August 10, 2006)
$1,500,000,000



TÜRK·YE CUMHUR·YET·
(The Republic of Turkey)

7.50% Notes due November 7, 2019




The Republic of Turkey (the "Republic" or "Turkey") is offering $1,500,000,000 principal amount of its
7.50% Notes due November 7, 2019 (the "notes"). 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
May 7 and November 7 of each year, beginning on November 7, 2009.

This prospectus supplement and accompanying prospectus dated August 10, 2006, constitute a prospectus
for the purposes of Directive 2003/71/EC (the "Prospectus Directive").

Application is being 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 August 10, 2006 as a prospectus for the
purposes of the Prospectus Directive. Application is being made to list on the Official 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-21 of this prospectus
supplement and "Collective Action Securities" beginning on page 12 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.








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Per


Note

Total


Public Offering Price
99.285 % $ 1,489,275.000
Underwriting discount
0.10 % $
1,500,000
Proceeds, before expenses, to the Republic of Turkey
99.185 % $ 1,487,775,000




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 May 7, 2009 (the "Issue Date"), through the book-entry facilities of The Depository
Trust Company, ("DTC"), against payment in same-day funds.




Joint Book Running Managers
Banc of America Securities LLC
J.P. Morgan

The date of this prospectus supplement is April 30, 2009.
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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. The Republic has not authorized anyone to provide you with any other
information. If you receive any unauthorized information, you must not rely on it.

The Republic is 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







Page

Prospectus Supplement


Summary
S-3
Risk Factors
S-6
S-
Recent Developments
11
S-
Description of The Notes
22
S-
Global Clearance and Settlement
28
S-
Taxation
31
S-
Underwriting
36
S-
Legal Matters
38
S-
Table of References
39



Prospectus


Where You Can Find More Information

2
Data Dissemination

2
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Use of Proceeds

3
Debt Securities

3
Collective Action Securities
12
Plan of Distribution
15
Debt Record
16
Validity of the Securities
16
Official Statements
16
Authorized Agent
16

The Republic is a foreign sovereign state. Consequently, it may be difficult for investors to obtain or
realize upon judgments of courts in the United States against the Republic. 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 new official
currency, which was introduced on January 1, 2009. 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 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 Turkish Lira or dollar amounts referred to herein
could have been or could be converted into dollars or Turkish Lira, as the case may be, at any
particular rate or at all.

S-2
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Table of Contents

SUMMARY

This summary should be read as an introduction to the prospectus supplement and the accompanying
prospectus. Any decision to invest in the notes by an investor should be based on consideration of the
prospectus supplement and the accompanying prospectus as a whole. Where a claim relating to the
information contained in the prospectus supplement or the accompanying prospectus is brought
before a court in a Member State of the European Economic Area, the plaintiff may, under the
national legislation of the Member State where the claim is brought, be required to bear the costs of
translating the prospectus supplement and the accompanying prospectus before the legal
proceedings are initiated.

Issuer
The Republic of Turkey.

The Republic of Turkey is located in southwestern Asia, where
it borders Iran, Armenia, Georgia, Azerbaijan, Iraq and Syria,
and southeastern Europe, where it borders Greece and Bulgaria,
with a total territory (inclusive of its lakes) of approximately
814,578 square kilometers. Turkey's population, as of June
2005, was estimated to be 73.0 million.

The Republic of Turkey was founded in 1923 and currently has
a parliamentary form of government. It has recently undertaken
many reforms to strengthen its democracy and economy, in
connection with its accession negotiations with the European
Union.

Securities Offered
$1,500,000,000 principal amount of 7.50% Notes due
November 7, 2019.

Maturity Date
November 7, 2019.

Issue Price
99.285% of the principal amount of the notes.

Interest Payment Dates
May 7, and November 7 of each year, commencing
November 7, 2009.

Status and Ranking
Upon issuance, the notes will be our direct unconditional and
general obligations and will rank equally with our other
external debt denominated in currencies other than Turkish Lira
which is (i) payable to a person or entity not resident in Turkey
and (ii) not owing to a Turkish citizen. See "Debt Securities --
Status of the Debt Securities" and "Debt Securities -- Negative
Pledge" in the accompanying prospectus.

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Markets
The notes are offered for sale in those jurisdictions where it is
legal to make such offers. See "Underwriting".

Listing and Admission to Trading Application is being made to list on the Official List and trade
the notes on the Regulated Market "Bourse de Luxembourg" of
the Luxembourg Stock Exchange.

Negative Pledge
Clause (9) of the definition of Permitted Lien set forth on pages
five and six of the accompanying prospectus shall read as
follows for purposes of the notes: Liens on assets (other than
official holdings of gold) in existence on May 7, 2009,
provided that such Liens remain confined to the assets affected
thereby on May 7, 2009, and secure only those obligations so
secured on May 7, 2009.

Form
The notes will be book-entry securities in fully registered form,
without coupons, registered in the names of investors or their
nominees in denominations of $100,000 and integral multiples
of $1,000 in excess thereof.

S-3
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Clearance and Settlement
Beneficial interests in the notes will be shown on, and transfer
thereof will be effected only through, records maintained by
DTC and its participants, unless certain contingencies occur, in
which case the notes will be issued in definitive form. Investors
may elect to hold interests in the notes through DTC, Euroclear
Bank S.A./N.V. ("Euroclear") or Clearstream Banking
Luxembourg, société anonyme ("Clearstream Banking
Luxembourg"), if they are participants in such systems, or
indirectly through organizations that are participants in such
systems. See "Global Clearance and Settlement".

Payment of Principal and Interest Principal and interest on the notes will be payable in U.S.
dollars or other legal tender of the United States of America. As
long as the notes are in the form of a book-entry security,
payments of principal and interest to investors shall be made
through the facilities of DTC. See "Description of the Notes --
Payments of Principal and Interest" and "Global Clearance and
Settlement -- Ownership of Notes through DTC, Euroclear and
Clearstream Banking Luxembourg".

Default
The notes will contain events of default, the occurrence of
which may result in the acceleration of our obligations under
the notes prior to maturity. See "Debt Securities -- Default"
and "-- Acceleration of Maturity" in the accompanying
prospectus.

Collective Action Securities
The notes will be designated Collective Action Securities under
the Fiscal Agency Agreement, dated as of December 15, 1998,
between the Republic and The Bank of New York
Mellon (successor-in-interest to JPMorgan Chase Bank, N.A.),
as amended by Amendment No. 1 to Fiscal Agency Agreement,
dated as of September 17, 2003, and Amendment No. 2 to the
Fiscal Agency Agreement, dated as of January 7, 2004
(collectively, the "Fiscal Agency Agreement"). The notes 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 and
described in the accompanying prospectus. The provisions
described in this prospectus supplement will govern the notes.
These provisions are commonly referred to as "collective action
clauses." Under these provisions, the Republic may amend
certain key terms of the notes, including the maturity date,
interest rate and other payment terms, with the consent of the
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holders of not less than 75% of the aggregate principal amount
of the outstanding notes. Additionally, if an event of default has
occurred and is continuing, the notes may be declared to be due
and payable immediately by holders of not less than 25% of the
aggregate principal amount of the outstanding notes. These
provisions are described in the sections entitled "Description of
the Notes -- Default; Acceleration of Maturity" and
"-- Amendments and Waivers" in this prospectus supplement
and "Collective Action Securities" in the accompanying
prospectus.

Sinking Fund
None.

Prescription Period
None.

Use of Proceeds
The Republic will use the net proceeds of the sale of the notes
for general financing purposes, which may include the
repayment of debt. The amount of net proceeds (before
expenses) is $1,487,775,000.

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Risk Factors
Risks associated with the notes generally include: 1) the trading
market for debt securities may be volatile and may be adversely
impacted by many events; 2) there may be no active trading
market for the notes; 3) the notes may not be a suitable
investment for all investors; 4) the notes are unsecured; 5) the
terms of the notes may be modified, waived or substituted
without the consent of all of the holders; 6) there can be no
assurance that the laws of the State of New York in effect as at
the date of this prospectus supplement will not be modified;
and 7) there may be certain legal restraints in relation to
investment in the notes with regard to the particular
circumstances of any investor.

Risks associated with the Republic generally include: 1) there
can be no assurance that Turkey's credit ratings will not
change; 2) changes in the Republic's domestic and international
political and economic environment may have a negative effect
on its financial condition; 3) the risks arising from the
relatively short maturity structure of domestic borrowing and
the potential deterioration in financing conditions as a result of
market, economic and political factors, which may be outside
the Republic's control, may jeopardize the debt dynamics of the
Republic; 4) potential inflation risks; 5) risks associated with
Turkey's current account deficit; 6) risks associated with the
foreign exchange rate of the Republic's currency; 7) Turkey is
a foreign sovereign state and accordingly it may be difficult to
obtain or enforce judgments against it; 8) risks associated with
delays or other adverse developments in the Republic's
accession to the European Union which may have a negative
impact on the Republic's economic performance and credit
ratings; 9) risks associated with pending arbitration
proceedings; and 10) risks associated with external shocks.

These risk factors are described in the section entitled "Risk
Factors" of this prospectus supplement.

Fiscal Agency Agreement
The notes will be issued pursuant to the fiscal agency
agreement.

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