Turkish Treasury to sell 13-month bond this week.

By bne IntelliNews February 17, 2014

The Treasury will hold an auction on February 18 to sell 13-month zero coupon bond (re-open) ahead of a domestic debt redemption of TRY 643mn on February 19.

The Treasury plans five more auctions this month when it hopes to borrow a total of TRY 13.7bn against its domestic redemption of TRY 15.6bn.

It will hold auctions for 5-year fixed coupon, 7-year floating coupon bonds on February 24 and it will sell 2-year fixed coupon (new issue), 5-year CPI-indexed (new issue), and 10-year fixed coupon bonds on February 25.

Last week, the Treasury raised USD 1.5bn in 2045 Eurobond issue. The bond has a coupon of 6.625% and a yield to investor of 6.70% ant it attracted an orderbook of more than four times the actual issue size. As part of its 2014, the Treasury has already borrowed a total of USD 4.64bn, completing more than 70% of the external borrowing programme.

Read in IntelliNews Pro
Get IntelliNews Pro

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

Follow Us On

Most Read

  1. Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
    1 year ago
  2. Hungarian economy faces weak growth, slow path to price stability, central bank report shows
    2 months ago
  1. Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
    1 year ago
  2. Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
    23 days ago
  3. BERTRAND: China after Communism, preparing for a post-CCP China
    1 month ago
  4. Hungarian economy faces weak growth, slow path to price stability, central bank report shows
    2 months ago
  5. UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
    5 months ago

Reports

Dismiss