Business · Markets · 5 hrs ago
Investors sell bonds issued by Turkish energy companies
Investors have sold bonds issued by several Turkish energy companies over the past 10 days, pushing prices down.
The selloff has focused especially on Aydem Enerji and GDZ Elektrik, whose bonds trade on Euronext Dublin in Ireland.
GDZ Elektrik’s bond price fell by $15 over the period, while its yield rose to 19.47%; Aydem’s yield reached 13.46%.
Aydem’s electricity distribution subsidiary, ADM Elektrik Dağıtım, also saw its bond sold, with its yield rising to 14.49%.
The price drops and rising yields signal pressure in the companies’ bond markets, though experts quoted in the story said they could not explain the selling for companies that did not fit the fund-related reasons they considered.
Zorlu Enerji may be unable to make a bond payment, as it holds talks with banks over its debt; its bond yield approached 38%.
Investors have sold bonds issued by Turkish energy companies, with prices falling over the past 10 days.
Gediz Elektrik’s bond price fell by $15 during that period.
Aydem Enerji and Gediz Elektrik bonds both fell in price, while their yields rose.
Adm Elektrik Dağıtım’s bond also came under selling pressure, and its yield rose to 14.49%.
A report said Zorlu Enerji might not make a bond payment that day as it held talks with banks over its debt.
- Who
- Investors sold bonds issued by Turkish energy companies, including Aydem Enerji, GDZ (Gediz) Elektrik and Adm Elektrik Dağıtım.
- What
- The companies’ bonds fell in price and yields rose. A report also said Zorlu Enerji might not make a bond payment.
- When
- The selling of Aydem Enerji and Gediz Elektrik bonds took place over the 10 days before the article was published on October 22, 2026.
- Where
- The bonds trade on Euronext Dublin in Ireland.
- Why
- Not stated
This story does not have two clearly opposing sides.
GDZ Elektrik Dağıtım issued a five-year, $400 million eurobond.
Aydem Enerji issued a five-year, $550 million green bond.
Aydem Enerji and Gediz Elektrik bonds faced heavy selling, and Gediz Elektrik’s bond price fell by $15.
Adm Elektrik Dağıtım’s bond was also sold, while a report said Zorlu Enerji might not make a bond payment that day.
- GDZ Elektrik bond price
- Fell by $15 over 10 days
- GDZ Elektrik bond yield
- 19.47%
- Aydem Enerji bond price
- $90.61 after a $1.77 daily fall
- Aydem Enerji bond yield
- 13.46%
- Adm Elektrik Dağıtım bond yield
- 14.49%
- Zorlu Enerji bond yield
- Near 38%