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Bond Market News
Zorlu Enerji’s Dollar Bond Drops Sharply; Reports 2026 Guidance
May 14, 2026
Zorlu Enerji’s 11% dollar bond due 2030 dropped by 4.7 points to trade at 83.4 cents on the dollar. The company announced its 2026 guidance, with revenues expected at TRL 40-43bn ($880-950mn). It expects EBITDA at TRL 13.5-15bn ($300-330mn) in 2026. In terms of its Q1 results, net losses stood at TRL 3.07bn ($68mn) as compared to losses of TRL 4.35bn ($96mn) last year.
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