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Listed
Sukuk
Ijarah
Republic of Türkiye USD 2.5bn Lease Certificates 2030
Republic of Türkiye · Türkiye
US dollar lease certificates issued by the Turkish Treasury's asset leasing company.
Key terms
- Issuer profile
- Republic of Türkiye
- ISIN
- XS2601123456
- Structure
- Ijarah
- Issue size
- $2.5B
- Ccy
- USD
- Minimum investment
- $200,000
- Payment frequency
- semi-annual
- Listing venue
- London Stock Exchange
- Governing law
- English law
Pricing
- Profit rate
- 7.875% (fixed)
- Indicative price
- 98.35
- Yield to maturity
- 8.429%
- Spread
- 420 bps
- Ratings
- B1 / BB- / BB-
Key dates
- Issue date
- 5 Feb 2025
- Maturity date
- 5 Feb 2030
- Tenor
- 5 years
Shariah information
- Shariah advisor
- Shariah advisers to the joint lead managers
- AAOIFI aligned
- ✓
- Underlying asset
- State-owned real estate under an Ijarah arrangement
- Use of proceeds
- General budgetary financing