ISTANBUL, Feb 18 (Reuters) - Turkey is expected to sell 1.5
billion lira ($845 million) of a new five-year fixed-coupon bond
on Monday at an average compound yield of 6.4 percent, a Reuters
survey of nine banks showed.
Sales to the market in the tap of a 10-year CPI-linked bond
are seen at 1.4 billion lira with an average real return of 1.11
The 10-year CPI-linked bond was last issued on Jan. 7 and
produced an average real return of 1.36 percent.
The results of Monday's sales are due early in the
The following forecasts show expected sales to the market,
including non-competitive bids, the average compound yield for
the fixed-coupon bond and the real return rate for the
BOND MATURITY YIELD SALES
Feb. 14, 2018 6.4 pct 1.5 bln lira
Oct. 26, 2022 1.11 pct 1.4 bln lira
The Treasury placed a combined 4.07 billion lira ($2.3
billion) of the two bonds through non-competitive tenders before
the auctions, of which 857.5 million lira went to primary
dealers and 3.21 billion lira to public institutions.
By 0931 GMT, the real return on the ten-year CPI-linked bond
stood at 1.01 percent. Trading volume in the bond market was
thin due to a U.S. holiday.
The treasury plans to borrow 13 billion lira from domestic
markets in February against redemptions of 15.2 billion.
($1 = 1.7665 Turkish liras)
(Reporting by Behiye Taner; Writing by Seltem Iyigun; Editing
by John Stonestreet)
Keywords: TURKEY DEBT/AUCTIONS
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