Bloomberg News

Turkey Sells Total Net 5.74 Billion Liras 2016, 2021 Bonds

January 23, 2012

Jan. 23 (Bloomberg) -- The Turkish Treasury sold a total net 3.52 billion liras ($1.9 billion) of Jan. 27, 2016, fixed- coupon bonds at an average annual yield of 10.58 percent in an auction and earlier non-competitive sale today.

The Treasury in Ankara also sold a total net 2.22 billion liras of July 21, 2021 bonds linked to consumer price inflation at a 4.20 percent real yield, in a separate auction and non- competitive sale, the central bank said.

The Treasury sold a net 1.5 billion liras of the 2016 bonds to state institutions. Bids from banks were 2.69 billion liras for the four-year debt with 9 percent annual fixed interest and 2.79 billion liras for the 2021 debt at the auctions.

To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

To contact the editor responsible for this story: Mark Bentley at mbentley3@bloomberg.net


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