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)|
Austrian Chancellor Christian Kern told a German daily on July 27 that when it comes to Turkey’s European Union accession hopes "it has to be legitimate to say: 'You simply are not a ... more
Some German buyers have cancelled trips to Turkey after the rise in political tension between Ankara and Berlin, Seref Fayat, head of the Turkish Clothing Manufacturers Association, said on July 25, ... more
Turkey is preparing to raise its debt limit for the first time since 2009 after first-half borrowing left the Treasury near its legal ceiling, Bloomberg reported on July 25. Citing a person with ... more