International demand for a new Turkish bond issue more than tripled its actual size, said Turkey’s Treasury and Finance Ministry on Thursday.
Nearly 200 investors demanded the bond issue, the ministry said in a statement.
Three international lenders — Goldman Sachs, HSBC, and JP Morgan — were authorized to issue the five-year, the U.S. dollar-denominated Turkish bonds on Wednesday.
The total amount of demand for bonds was the highest level among bond issuances since April 2015, the statement noted.
The transaction was finalized with a nominal amount of $2.5 billion, according to the statement.
The bond has a coupon