Ratings & Bonds
Turkish Airlines Corporate Credit Ratings
Foreign Currency | S&P | Moody's | Fitch | JCR Eurasia |
Date | 14 May 2024 | 26 July 2024 | 18 March 2024 | 25 October 2023 |
Rating | B+ | Ba3 | BB- | BB |
Outlook | Positive | Positive | Stable | Negative |
Bonds
On March 2015, Turkish Airlines issued one tranche of Enhanced Equipment Trust Certificate (EETC). Details of the certificate can be found below.
Summary |
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Issuer: | Bosphorus 2015 LLC |
Type: | Enhanced Equipment Trust Certificate (EETC) |
ISIN: | US10010YAA01 |
Issue Date: | March 2015 |
Principal amount: | USD 328,274,000 |
Maturity: | 12 years (due 15 March 2027) |
Coupon: | 4.20% / p.a. |
Listening: | Irish Stock Exchange |
In September 2015, Turkish Airlines issued three tranches in relation to Private Offering of World’s First JPY Denominated Enhanced Equipment Trust Certificate (EETC). Details of the certificates can be found below.
Summary |
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Class A | Class B | Class C | |
Issuer: | Anatolia Pass Through Trust | Anatolia Pass Through Trust | Anatolia Pass Through Trust |
Type: | Enhanced Equipment Trust Certificate (EETC) | Enhanced Equipment Trust Certificate (EETC) | Enhanced Equipment Trust Certificate (EETC) |
Book Runner & Structuring Agent: | Mizuho Securities Co., Ltd. | Mizuho Securities Co., Ltd. | Mizuho Securities Co., Ltd. |
Sales Agent | DBJ Securities Co., Ltd. | DBJ Securities Co., Ltd. | DBJ Securities Co., Ltd. |
Issue Date: | September 2015 | September 2015 | September 2015 |
Principal amount: | JPY 8.500.000.000 | JPY 1.950.000.000 | JPY 1.489.000.000 |
Maturity: | 12 years (20 September 2027) | 9 years (20 September 2024) | 7 years (20 September 2022) |
Coupon: | 1,228% / p.a. | 1,489% / p.a. | 2,214% / p.a. |
Listening: | Private Placement | Private Placement | Private Placement |