AFD Issues its First Ever Turkish Lira (TRY) Denominated Bond

published on 07 April 2023
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Agence Française de Développement launches EUR 1.25 billion due 25 May 2036
On March 31, the Agence Française de Développement (AFD) priced its first ever Turkish lira (TRY) denominated bond. After a first issuance in Dominican Peso (DOP) last year, this new transaction confirms AFD's interest in issuing in EM currencies, in order to increase its presence in local financial markets.

The bond was issued under AFD's EMTN debt issuance programme and arranged by Goldman Sachs Bank Europe SE.

The bond has a 2-year maturity, pays a fixed annual coupon of 35.00% and has a notional amount of TRY 1.25bn, which equates to approximately €60mm.
It will be listed on Euronext Paris.


Contact: _AFD_Funding@afd.fr

Find out more: Investors page


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