Pricing Term Sheet
Filed Pursuant to Rule 433
File No. 333-170922
FINAL PRICING TERMS OF THE REPUBLIC OF TURKEY 4.350% NOTES DUE
2021
ISSUER: | The Republic of Turkey | |
SECURITIES: | 4.350% Notes due 2021 | |
PRICING DATE: | November 5, 2013 | |
ISSUE FORMAT: | Global (SEC Registered) | |
EXPECTED RATINGS OF THE NOTES*: | Baa3 (Moody’s) / BBB- (Fitch) | |
ISSUE SIZE: | EUR 1,250,000,000 | |
PRICE TO PUBLIC: | 99.339% | |
TOTAL FEES: | EUR 937,500 (0.075%) | |
PROCEEDS TO ISSUER: | EUR 1,240,800,000 | |
YIELD TO MATURITY: | 4.450% per annum | |
COUPON: | 4.350%, payable annually on an Actual/Actual daycount basis | |
MATURITY DATE: | November 12, 2021 | |
SPREAD TO MID-SWAP: | 272 bps | |
RELEVANT MID-SWAP RATE: | 8-year EUR Midswap (1.729%) | |
SPREAD TO BENCHMARK: | 315 bps | |
BENCHMARK BOND: | 2.250% DBR due September 2021 | |
BENCHMARK YIELD: | 1.301% | |
DENOMINATIONS: | EUR100,000/EUR 1,000 | |
INTEREST PAYMENT DATES: | November 12, beginning on November 12, 2014 | |
CUSIP/ US ISIN/ XS ISIN: | 900123 CE8 / pending / pending | |
EXPECTED LISTING: | Luxembourg Stock Exchange | |
LEAD-MANAGERS/BOOKRUNNERS: | Barclays Bank PLC Credit Suisse Securities (Europe) Limited Deutsche Bank AG, London Branch | |
SETTLEMENT: | Expected November 12, 2013through the book-entry facilities of The Depository Trust Company, Euroclear Bank S.A./N.V. or Clearstream Banking Luxembourg,socíetéanonyme. | |
* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
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The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site atwww.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus, any prospectus supplement or free writing prospectus for this offering if you request it by callingtoll-free Barclays Bank PLC at +1-888-603-5847, Credit Suisse Securities (Europe) Limited at +1-800-221-1037, or Deutsche Bank AG, London Branch at +1-800-503-4611.
The preliminary prospectus supplement relating to the notes is available under the following link:
http://www.sec.gov/Archives/edgar/data/869687/000119312513426304/d536309d424b5.htm
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