The Treasury will borrow on Tuesday via 12-month (371 days) zero coupon bond (re-open) ahead of its TRY 278mn (EUR 102mn) domestic debt redemption scheduled for November 13.
Including tomorrow’s bond sale, the Treasury plans to hold a total six debt auctions this month (two auctions on November 18 and three more on November 19). The Treasury will have its heftiest domestic debt redemption on November 20 when it has to redeem TRY 13.98bn of which TRY 11.83 to the markets.
In November, the Treasury plans a total domestic borrowing of TRY 11.6bn against its domestic debt redemption of TRY 14.4bn.
Last week, the authority finalised a Eurobond issue due 2021 and raised EUR 1.25bn.
The bond that matures on November 12, 2021, had a coupon of 4.35% and a yield to investor of 4.45%.
With this issue, The Treasury completed its USD 6.5bn 2013 external borrowing programme. Approximately USD 640mn portion of the issue is for pre-financing of the 2014 external borrowing program, The Treasury said.
The total amount of external financing for 2014 is planned at TRY 14.8bn via project and program loans from World Bank, European Investment Bank and other international financial institutions and through bond issuances in international markets.
Related Articles
Kurdish official estimates Iraqi oil losses at $28bn
The 18-month suspension of oil exports from Iraqi Kurdistan has cost the state more than $28bn in lost revenue, a senior Kurdish official has said, as the fiscal damage is compounded by security ... more
Turkey’s Şahinler invests $100mn in Egypt’s garments and tourism sectors
Turkish group Şahinler Holding is expanding its operations in Egypt with new investments exceeding $100mn across the ready-made garments and tourism sectors, Al Sharq Business reported on August 27, ... more
Turkish government plans special "People's Aisle" sections in markets for cheaper products
A new government-backed initiative called “Cumhur Reyonu” (“People’s Aisle”) will be rolled out across Turkey’s major supermarket chains, which collectively operate over 55,000 branches ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
19 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago