# EDGAR Filing Document

**Accession Number:** 0000869687
**File Stem:** 0001193125-25-157569
**Filing Date:** 2025-7
**Character Count:** 5123
**Document Hash:** 0cc65a6e9097f4b9bb93748f9bb1853c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-157569.hdr.sgml**: 20250710

**ACCESSION NUMBER**: 0001193125-25-157569

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250710

**DATE AS OF CHANGE**: 20250710

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** REPUBLIC OF TURKEY
- **CENTRAL INDEX KEY:** 0000869687
- **STANDARD INDUSTRIAL CLASSIFICATION:** FOREIGN GOVERNMENTS [8888]
- **ORGANIZATION NAME:** International Corp Fin
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-275976
- **FILM NUMBER:** 251116082

**BUSINESS ADDRESS:**
- **STREET 1:** NO: 36 KAT: 13, ISMET INONU BULVARI
- **STREET 2:** 06510 EMEK
- **CITY:** ANKARA
- **STATE:** W8
- **ZIP:** 00000
- **BUSINESS PHONE:** 202-538-1678

**MAIL ADDRESS:**
- **STREET 1:** TURKISH EMBASSY, OFF. ECONOMIC COUNSELOR
- **STREET 2:** 2525 MASSACHUSETTS AVENUE, N.W.
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20008
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** REPUBLIC OF TURKEY
- **CENTRAL INDEX KEY:** 0000869687
- **STANDARD INDUSTRIAL CLASSIFICATION:** FOREIGN GOVERNMENTS [8888]
- **ORGANIZATION NAME:** International Corp Fin
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** NO: 36 KAT: 13, ISMET INONU BULVARI
- **STREET 2:** 06510 EMEK
- **CITY:** ANKARA
- **STATE:** W8
- **ZIP:** 00000
- **BUSINESS PHONE:** 202-538-1678

**MAIL ADDRESS:**
- **STREET 1:** TURKISH EMBASSY, OFF. ECONOMIC COUNSELOR
- **STREET 2:** 2525 MASSACHUSETTS AVENUE, N.W.
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20008

**Filed Pursuant to Rule 433** 

**Registration No. 333-275976** 

**July 10, 2025** 

**Pricing Term Sheet** 

**FINAL PRICING TERMS OF THE REPUBLIC OF TÜRKİYE EUR 1,500,000,000** 

**5.200% NOTES DUE AUGUST 17, 2031** 

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| | |
|:---|:---|
| ISSUER: | The Republic of Türkiye |
| SECURITIES: | 5.200% Notes due August 17, 2031 |
| PRICING DATE: | July 10, 2025 |
| ISSUE FORMAT: | Global (SEC Registered) Offering |
| ISSUE SIZE: | EUR 1,500,000,000 |
| PRICE TO PUBLIC: | 99.988% |
| TOTAL FEES: | EUR 1,050,000 (0.07%) |
| NET PROCEEDS TO ISSUER: | EUR 1,498,770,000 |
| YIELD TO MATURITY: | 5.200% per annum |
| COUPON: | 5.200% per annum, payable annually on an Actual/Actual basis |
| MATURITY DATE: | August 17, 2031 |
| SPREAD TO BENCHMARK: | 288.1 bps |
| BENCHMARK BOND: | DBR 0% due August 15, 2031 |
| BENCHMARK BOND YIELD: | 2.319% |
| DENOMINATIONS: | EUR 100,000 / EUR 1,000 |
| INTEREST PAYMENT DATES: | Annually on August 17, beginning with a long first coupon on August 17, 2026 |
| ISIN / COMMON CODE: | XS3123715297 / 312371529 |
| EXPECTED LISTING: | Luxembourg Stock Exchange (Regulated Market) |

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| | |
|:---|:---|
| GOVERNING LAW: | The Notes will be governed by the laws of the State of New York, except with respect to the authorization and execution of the Notes, which will be governed by the laws of The Republic of Türkiye. |
| LEAD-MANAGERS/ BOOKRUNNERS: | BNP PARIBAS<br> Citigroup Global Markets Limited<br> ING Bank N.V.<br> Standard Chartered Bank |
| SETTLEMENT DATE: | July 17, 2025 (T+5) through the book-entry facilities of The Euroclear Bank S.A./N.V. or Clearstream Banking Luxembourg, S.A. |
| MiFID II/UK MiFIR MANUFACTURER TARGET MARKET: | Professional clients, eligible counterparties (subject to any applicable selling restrictions) (all distribution channels) |

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This communication is intended for the sole use of the person to whom it is provided by us.

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 at www.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 calling toll free BNP PARIBAS at +1-800-854-5674, Citigroup at + 1-800-831-9146, ING at + 1-877-446-4930 or Standard Chartered Bank at +44 207 885 5739.

The preliminary prospectus supplement relating to the Notes is available under the following link:<br> [https://www.sec.gov/Archives/edgar/data/869687/000119312525157527/d21277d424b5.htm](http://www.sec.gov/Archives/edgar/data/869687/000119312525157527/d21277d424b5.htm)

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