Turkey’s Treasury said it borrowed TRY904mn (€324mn) on February 17 at an auction it held for 420-day zero-coupon bonds (new issue), ahead of its TRY2.1bn of domestic debt redemption on February 18.
Demand for the paper amounted to TRY2.7bn. The Treasury sold TRY301mn of the 14-month paper at an annual compound yield of 8.39% (market consensus estimate: 8.48%). Sales to primary dealers amounted to TRY603mn. This was the Treasury’s last auction scheduled for February.
This week, the Treasury said it was planning a lease certificate issue. TRY-denominated lease certificates will be issued on February 18.
|Turkish Treasury's Domestic Borrowing Programme|
|Planned Borrowing (TRY bn)|
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