Turkish Treasury borrows €277mn through 7-month bills

By bne IntelliNews May 18, 2015

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
(TRY mn) Market Public Total
06-May  99  71  1,127
13-May  9,380  154  9,534
20-May  1,130  544  1,674
27-May  359  198  557
May Total  10,969  966  11,935
June Total  7,941  1,542  9,483
July Total  5,690  1,215  6,905
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)      
May 9.0    
June 8.5    
July 6.0    
Source: treasury      

Related Articles

Turkey’s main business lobby calls for end to emergency rule

Turkey’s main business lobby has called on the government to end the 19-month-long state of emergency introduced in July 2016 after the failed coup. At the end of last week, parliament extended ... more

Turkey to refuse extradition of all suspects to US unless Washington hands over Gulen says Erdogan

Turkey will not extradite any terror suspects to the US if Washington continues to refuse to hand over Fethullah Gulen, President Recep Tayyip Erdogan said on January 11. Ankara blames the ... more

Turkey rebukes Arab nations for feeble response to Trump’s Jerusalem move ahead of Muslim summit in Istanbul

Turkey has chided what it sees as a feeble Arab reaction to Donald Trump’s decision to reverse decades of US foreign policy by recognising Jerusalem as Israel’s capital. Speaking on December ... more