Eurobond is generally a long-term debt instrument offered for sale in international markets by states or companies in a foreign currency to raise foreign funds.
By Treasury of Turkish Republic in international markets generally USD or EUR Eurobonds are issued.
• Eurobonds can be issued in foreign currencies such as Euro, Japanese Yen, and Swiss Franc in particular U.S. Dollar.
• Due date is generally between 5-30 years.
• Because they are long-term bonds, Eurobonds can be issued as coupon. Generally coupons have fixed interest rates. Provides a regular cash flow to investor in coupon payment periods. Capital and coupon payments are made in issued foreign currency.
• USD eurobond coupons are paid every 6 months, EUR eurobond coupons are paid once a year. Interests of coupons are defined as simple interest.
• Eurobonds can be turned into cash before the end of due date within the scope of market conditions.
• Eurobonds that you bought from our Bank are kept in your investment account under the auspices of storage agent "Clear Stream" by our Bank.