Türkiye’s $2.5B sukuk sale attracts over double the demand from global investors – Türkiye Today

Turkish treasury successfully issued a $2.5 billion sukuk in international capital markets on Tuesday, with investor demand exceeding twice the amount offered, the Treasury and Finance Ministry announced.

According to the ministry’s statement, the five-year sukuk—a lease-based Islamic financial certificate—attracted bids from 119 institutional investors, with the offering more than twice oversubscribed, reflecting strong global appetite for Türkiye’s sovereign debt instruments.

Middle Eastern investors lead demand for Turkish sukuk

The sukuk was priced with a 6.75% lease rate and a 6.85% yield. Proceeds are expected to be credited to government accounts on July 1.

The ministry noted that Middle Eastern investors accounted for the largest share at 57%. Investors from the United Kingdom took up 17%, followed by 14% from the United States, 7% from other European countries, 4% from Türkiye, and 1% from other regions.

Türkiye’s 2025 external borrowing surpasses $7 billion

With this latest transaction, Türkiye has raised a total of $7 billion from international capital markets in 2025.

Türkiye’s central government budget recorded a surplus of ₺235.2 billion ($5.91 billion) in May. However, the cumulative balance for the January–May period showed a deficit of ₺650.3 billion.