Update: Turkey Sells Try1.14b Of 21-month State Notes
The Turkish treasury said Tuesday it sold 1
The Turkish treasury said Tuesday it sold 1.138 billion lira ($750 million) of 21-month discount fixed coupon state notesTRY863.4 million of 7-year floating rate notes (FRNs) in two separate auctions.
Bids totaled TRY2.049 billion in the 21-month state note auction, with an average compound interest rate of 8.78%.
Bids totaled TRY2.158 billion in the seven-year FRN auction, with a periodical average interest rate of 2.02%.
In the non-competitive fixed-price sales before the auctions, or ROT sales, the treasury sold TRY746 million of the 21-months state note, to primary dealer banks,TRY600 million to public institutions. It sold TRY746 million of the 7-year FRN, to primary dealer banks,TRY850 million to public institutions.
In sum, including the ROT sales, the treasury's borrowing totaled TRY4.943 billion Tuesday.
It also borrowed TRY6.969 billion Monday, through two auctions of 6-month discount bonds5-year CPI-linked state notes.
The Turkish Treasury previously said it would borrow a total of TRY54.5 billion from the domestic market in January, FebruaryMarch.
Some TRY21 billion of this amount was planned to come from six bond auctions to be held in February.
The Treasury will pay TRY13.782 billion in domestic debt this week, comprising TRY11.697 billion to marketsTRY2.085 billion to public institutions.
(ERÖ-ERÖ-E-ENG)
Bids totaled TRY2.049 billion in the 21-month state note auction, with an average compound interest rate of 8.78%.
Bids totaled TRY2.158 billion in the seven-year FRN auction, with a periodical average interest rate of 2.02%.
In the non-competitive fixed-price sales before the auctions, or ROT sales, the treasury sold TRY746 million of the 21-months state note, to primary dealer banks,TRY600 million to public institutions. It sold TRY746 million of the 7-year FRN, to primary dealer banks,TRY850 million to public institutions.
In sum, including the ROT sales, the treasury's borrowing totaled TRY4.943 billion Tuesday.
It also borrowed TRY6.969 billion Monday, through two auctions of 6-month discount bonds5-year CPI-linked state notes.
The Turkish Treasury previously said it would borrow a total of TRY54.5 billion from the domestic market in January, FebruaryMarch.
Some TRY21 billion of this amount was planned to come from six bond auctions to be held in February.
The Treasury will pay TRY13.782 billion in domestic debt this week, comprising TRY11.697 billion to marketsTRY2.085 billion to public institutions.
(ERÖ-ERÖ-E-ENG)