The Treasury held an auction on Tuesday for 12-month (371 days) zero coupon bond (re-open) through which it borrowed a total of TRY 994.5mn (EUR 360mn) at an annual compound of 8.87% (market consensus estimate: 8.87%).
Demand for the paper stood at TRY 3.355bn. The Treasury sold TRY 454.1mn of the bond in the auction and the sales to primary dealers amounted to TRY 540.4mn.
The Treasury plans six debt auctions this month (two more auctions on November 18 and three more on November 19). The heftiest domestic debt redemption is on November 20 when the Treasury will redeem TRY 13.98bn of which TRY 11.83 is to the markets.
The Treasury plans a total domestic borrowing of TRY 11.6bn in November against its domestic debt redemption of TRY 14.4bn.
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 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
Russia is to offer Turkey partial financing for Ankara’s acquisition of S-400 surface-to-air missile systems, Interfax news agency quoted a Russian presidential aide as saying on December 12. ... more