Palantir a high-risk investment with ’a one-of-a-kind growth and margin model’
ISTANBUL - The Republic of Türkiye’s treasury unit, Hazine Müsteşarlığı Varlık Kiralama Anonim Şirketi, plans to issue U.S. dollar-denominated fixed-rate bonds maturing on September 1, 2030, according to a stabilization notice issued today.
HSBC Bank plc will serve as the stabilization coordinator for the benchmark-sized offering, with HSBC Bank plc, Dubai Islamic Bank, Emirates NBD Capital Limited, KFH Capital, and Standard Chartered (LON:STAN) Bank acting as stabilization managers.
The stabilization period is expected to begin today and end no later than July 31, 2025. The stabilization managers may over-allot securities up to 5% of the aggregate nominal amount or conduct transactions to support the market price of the securities.
The offer price has not yet been determined, according to the press release statement. The Republic of Türkiye will serve as the obligor for the securities.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered for sale in the United States. The offering is primarily directed at qualified investors outside the United Kingdom (TADAWUL:4280) or those within the UK who have professional experience in investment matters.
Any stabilization action may be discontinued at any time, and there is no guarantee that the stabilization managers will take any action to support the securities’ price.
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