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ISTANBUL - The Republic of Türkiye has completed its $400 million bond issuance without requiring market stabilization measures, according to a notice issued by J.P. Morgan Securities plc on Wednesday.
The 10-year fixed-rate senior unsecured notes were listed on the Luxembourg Stock Exchange’s Regulated Market with an offer price of 99.645%.
J.P. Morgan Securities plc served as the stabilization coordinator for the bond issue, with BBVA, Deutsche Bank, and Goldman Sachs International acting as stabilization managers. However, no stabilization actions were undertaken during the offering period.
Stabilization measures are sometimes implemented in securities offerings to support the market price of newly issued securities and prevent excessive price fluctuations. The absence of such measures suggests the bond issuance achieved sufficient market demand at the offered price.
The announcement follows a pre-stabilization period announcement that was issued on September 9, 2025.
The information was disclosed in a regulatory news service (RNS) filing with the London Stock Exchange, where J.P. Morgan Securities confirmed that no stabilization activities, as defined under the European Union’s Market Abuse Regulation or the UK Financial Conduct Authority rules, were performed.
The bond issuance represents part of Turkey’s ongoing sovereign debt management activities in international markets.
This report is based on information contained in an official press release statement.
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