The Treasury said on November 17 that it sold TRY2.28bn (€818mn) worth of 5-year fixed coupon bonds in an auction at an annual compound yield of 8.26% (market consensus estimate: 8.29%).
Demand for the paper was TRY9.56bn and the Treasury sold TRY 1.69bn of the bond to public institutions and primary dealers.
The authority plans two more auctions on November 18 for 2-year fixed coupon bonds and 10-year fixed coupon bonds on November 18 ahead of its TRY4.74bn domestic debt redemption scheduled for November 19.
The Treasury plans to borrow TRY5.5bn in November against its debt redemption of TRY5.7bn.
|Turkish Treasury's Domestic Borrowing Programme|
|18-Nov||2-year||new issue||fixed coupon|
|Planned Borrowing (TRY bn)|
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