Turkey Sells 14-month, 3-year State Notes
The Turkish Treasury said Monday that it sold 1
The Turkish Treasury said Monday that it sold 1.780 billion lira ($1.198 billion) of 14-month, discount, state notesTRY804.6 million of three-year, fixed-coupon, state notes in two separate auctions.
Bids totaled TRY2.437 billion in the 14-month state note auction, with an average compound interest rate of 8.31%.
Bids totaled TRY1.076 billion in the three-year, fixed-coupon, state note auction, with an average compound interest rate of 9.76%.
In the non-competitive fixed-price sales before the auctions, or ROT sales, the treasury sold TRY437.3 million of 14-month state notes to primary dealer banks,TRY1 billion to public institutions. It sold TRY550.2 million of the three-year, fixed-coupon, state notes to primary dealer banksTRY750 million to public institutions.
In sum, including the ROT sales, the treasury's borrowing totaled TRY5.32 billion Monday.
The treasury previously said it will sell 21-month, discount, state notes10-year, CPI-linked, state notes April 13will also reopen seven-year, floating-rate notes April 20.
(SB-SB-ENG)
Bids totaled TRY2.437 billion in the 14-month state note auction, with an average compound interest rate of 8.31%.
Bids totaled TRY1.076 billion in the three-year, fixed-coupon, state note auction, with an average compound interest rate of 9.76%.
In the non-competitive fixed-price sales before the auctions, or ROT sales, the treasury sold TRY437.3 million of 14-month state notes to primary dealer banks,TRY1 billion to public institutions. It sold TRY550.2 million of the three-year, fixed-coupon, state notes to primary dealer banksTRY750 million to public institutions.
In sum, including the ROT sales, the treasury's borrowing totaled TRY5.32 billion Monday.
The treasury previously said it will sell 21-month, discount, state notes10-year, CPI-linked, state notes April 13will also reopen seven-year, floating-rate notes April 20.
(SB-SB-ENG)