FWP 1 y25035fwp.htm FREE WRITING PROSPECTUS FWP
 

     
 
  Filed pursuant to Rule 433
 
  Registration Statement No. 333-133956
 
  September 14, 2006
 
  Relating to Prospectus Supplement
 
  Dated September 6, 2006
FOR IMMEDIATE RELEASE — NOT FOR DISTRIBUTION IN ITALY
THE REPUBLIC OF TURKEY
announces the Clearing Spread applicable to its Invitation to submit 11.375% Notes due 2006, 10% Notes due 2007, 10.5% Notes due 2008, 9.875% Notes due 2008, 12% Notes due 2008, 12.375% Notes due 2009 and 11.75% Notes due 2010, in a modified Dutch auction for such notes (the “Old Notes”)
in exchange for new Global Notes due 2016 (the “2016 Notes”)
and an offering for Cash of the 2016 Notes
14 September 2006
Ankara, Turkey — The Republic of Turkey (“The Republic” or “Turkey”), in accordance with its previously announced invitation (the “Invitation”) to “Qualifying Eligible Holders” (as defined in the Prospectus Supplement) of each series of the Old Notes listed below to submit one or more offers to exchange the Old Notes for 2016 Notes in a modified Dutch auction, as described in the Prospectus Supplement dated 6 September 2006 (the “Prospectus Supplement”) to the accompanying Prospectus dated 10 August 2006 attached thereto, hereby announces that the Clearing Spread applicable to the Invitation will be 1.83 per cent.
The Invitation commenced on 6 September 2006, and expired yesterday, 13 September 2006 at 11:00 A.M. New York City time.
The Invitation is subject to the terms and conditions set forth in the Prospectus Supplement.
         
Series of Old Notes1   ISIN   Common Code
11.375% Notes due 2006
   US900123AM23   013945101
 
        
10.0% Notes due 2007
   XS0080403891   008040389
 
        
10.5% Notes due 2008
   US900123AQ37   015805013
 
        
9.875% Notes due 2008
   US900123AP53   014517693
 
        
12.0% Notes due 2008
   US900123AH38   009326677
 
        
12.375% Notes due 2009
   US900123AJ93   009912924
 
        
11.75% Notes due 2010
   US900147AB51   011285970
Copies of the Invitation materials may be obtained from Citibank, N.A. as exchange agent at +44 20 7508 3867 (exchange.gats@citigroup.com) or from either of the joint dealer managers. Citigroup (telephone 800 558 3745 (toll free inside the United States) or +1 212 723 6108 (collect outside the United States or in London +44 20 7986 8969)) and Goldman Sachs
 
1   Each series of Old Notes is listed on the Luxembourg Stock Exchange.

 

 

FOR IMMEDIATE RELEASE — NOT FOR DISTRIBUTION IN ITALY
International (telephone New York +1 212 902 8194 or +1 877 686 5059 and London +44 20 7552 5754 or +44 20 7774 5982) are acting as joint dealer managers for the Invitation. The Invitation material is also available, free of charge in Luxembourg at the office of Kredietbank S.A. Luxembourgeoise as listing agent, paying agent in Luxembourg and Luxembourg exchange agent, 43, Boulevard Royal L-2955 Luxembourg.
This communication does not constitute an invitation to participate in the Invitation in or from any jurisdiction in or from which, or to or from any person to or from whom, it is unlawful to make such offer under applicable securities laws or otherwise.
The distribution of materials relating to the Invitation, and the transactions contemplated by the Invitation, may be restricted by law in certain jurisdictions. The Republic is making the Invitation only in those jurisdictions where it is legal to do so. The Invitation is void in all jurisdictions where it is prohibited. If materials relating to the Invitation come into your possession, you are required by The Republic to inform yourself of and to observe all of these restrictions. The materials relating to the Invitation do not constitute, and may not be used in connection with, an offer or solicitation in any place where offers or solicitations are not permitted by law. If a jurisdiction requires that the Invitation be made by a licensed broker or dealer and a joint dealer manager or any affiliate of a joint dealer manager is a licensed broker or dealer in that jurisdiction, the Invitation shall be deemed to be made by the joint dealer managers or such affiliate on behalf of The Republic in that jurisdiction.
The Prospectus Supplement accompanies this communication and is available from the SEC’s website at: http://www.sec.gov/Archives/edgar/data/869687/000095012306011284/y24751b5e424b5.htm
The Republic 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 Republic has filed with the SEC for more complete information about The Republic and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the joint dealer managers or the exchange agent will arrange to send you the prospectus if you contact one of them at the phone numbers specified above.
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