Turkey authorizes 3 global lenders to issue euro bonds

By Tuba Sahin

ANKARA

Turkey's Treasury and Finance Ministry on Wednesday authorized three international lenders to issue a euro-denominated Turkish bond due in 2026.

"As part of the 2018 external borrowing program, the Ministry of Treasury and Finance has mandated BNP Paribas, HSBC, and ING for the issuance of a euro-denominated bond due 2026," the ministry said in a statement.

On Oct 16., the ministry authorized Deutsche Bank, Goldman Sachs, and Societe Generale to issue a dollar-denominated bond due in 2023, as part of the 2018 external borrowing program.

The transaction was finalized with a nominal amount of $2 billion, it said.

The ministry received demand for more than three times the actual issue size from more than 250 accounts.