macro

Turkey's Ziraat Bank Gets Board Nod for Offshore Debt Programs Worth Up to $11 Billion

Ziraat Bankasi's board approved four offshore funding programs, the largest allowing bond and note sales of up to $11 billion, Reuters reported.

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what happened

The board of Ziraat Bankasi has approved four separate programs for debt sales outside Turkey. According to Reuters, the largest covers bonds and notes of up to $11 billion.

The other three cover green, sustainable and social bonds and notes up to $2 billion, asset-backed securities up to $2 billion, and mortgage-covered securities up to $1 billion.

why it matters

A mandate like this does not mean immediate issuance, but it signals possible growth in Turkish bank debt supply on international markets. Investors in Turkish bank eurobonds will watch the timing and size of actual deals, which the filing does not specify.

market impact

Eurobonds of Turkish banks: possible rise in offshore debt supply, which can weigh on spreads

tags

instruments

Turkish bank eurobondsZiraat Bankasi

sources

  1. Ziraat Bankasi Says Board Authorized Management To Pursue Offshore Green, Sustainable And Social Bond And Note Issuances Of Up To $2 Billion — Reuters, 5 November 2026 at 15:05 UTC
  2. Ziraat Bankasi Says Board Authorized Management To Pursue Offshore Bond And Note Issuances Of Up To $11 Billion — Reuters, 5 November 2026 at 15:05 UTC
  3. Ziraat Bankasi Says Board Authorized Management To Pursue Offshore Asset-Backed Securities Issuance Of Up To $2 Billion — Reuters, 5 November 2026 at 15:04 UTC
  4. Ziraat Bankasi Says Board Authorized Management To Pursue Offshore Mortgage-Covered Securities Issuance Of Up To $1 Billion — Reuters, 5 November 2026 at 15:04 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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