The Treasury held an auction on May 18 for 7-month bills and it borrowed TRY813mn (€277mn) at an annual compound yield of 9.88%.
Demand for the paper stood at TRY2.63bn while the borrowing cost of the Treasury was slightly higher than the market forecast of 9.85%.
This was the last auction the Treasury planned for May. The authority initially projected TRY9bn of domestic borrowing in May against a total domestic debt redemption of TRY11.9bn.
|Turkish Treasury's Domestic Borrowing Programme|
|11-May||5-year / 1,729-day||re-open||fixed-coupon|
|11-May||10-year / 3,626-day||re-open||CPI-indexed|
|12-May||2-year / 553-day||re-open||fixed-coupon|
|12-May||7-year / 2,534-day||re-open||floating-coupon|
|12-May||10-year / 3,591-day||re-open||fixed-coupon|
|18-May||7-month / 210-day||re-open||zero-coupon|
|Planned Borrowing (TRY bn)|
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