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)|
Turkey is at risk of becoming a “disease-prone desert” with water resources and forests disappearing, Hurriyet Daily News reported Professor Mikdat Kadioglu from Istanbul Technical University’s ... more
The strongly positive initial reaction given by markets to April 18’s surprise announcement of snap elections in ... more
The chronic weakness of the Turkish lira (TRY) is credit negative for Turkey’s sovereign debt rating and poses ... more