Ratings & Bonds

Turkish Airlines Corporate Credit Ratings

Foreign Currency S&P Moody's Fitch JCR Eurasia
Date 2 December 2021 10 May 2022 11 Feb 2022 25 October 2021
Rating B B3 B BB
Outlook Stable Stable Stable Stable

Bonds

On March 2015, Turkish Airlines issued one tranche of Enhanced Equipment Trust Certificate (EETC). Details of the certificate can be found below.

Summary

Issuer: Bosphorus 2015 LLC
Type: Enhanced Equipment Trust Certificate (EETC)
ISIN: US10010YAA01
Isue 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

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.
Isue 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