Global demand for Turkish bonds triples issue size

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 rate of 5.60%, and its yield rate for investors is 5.70%.

The largest national share of the bonds, 54%, was sold to investors from the U.K. The U.S. followed it with 31.5%, other European countries with 9.1%, and other regions with 5%.

With this transaction, the amount of financing that has been raised from international capital markets in 2019 has reached a total of $11.2 billion.