Treasury Successfully Issues $2.5 Billion Sukuk in International Markets

The Treasury announced that a lease certificate was issued in the international capital markets, with a term of 5.5 years and an amount of 2.5 billion US dollars.

The statement read: "On November 19, 2024, a lease certificate (sukuk) was issued in the international capital markets, with the issuance amount being 2.5 billion US dollars and a maturity date of April 26, 2030. The lease rate of the certificate is 6.50%, and the yield rate is 6.55% (UST + 230 basis points). The issuance amount will enter our accounts on November 26, 2024.

A total of 135 investors showed demand nearly 2.5 times the issuance amount. Of the lease certificate, 66% was sold to investors in the Middle East, 15% to the United Kingdom, 9% to the United States, 6% to Turkey, 3% to other European countries, and 1% to investors in Asia.

With this lease certificate issuance, approximately 11.1 billion US dollars in cash financing have been realized in the international capital markets in 2024, along with a total bond issuance of 13 billion US dollars.

The Treasury Financing Program indicated that financing opportunities in the conventional bond or sukuk market could be evaluated for potential financing transactions for the remainder of the year. Recently observed improvements in investor perception and country risk premiums have been effective in facilitating pre-financing."