Turkey's plan to pay back debt through bond auctions
by AA
ANKARAJul 14, 2014 - 12:00 am GMT+3
by AA
Jul 14, 2014 12:00 am
Turkey's Treasury has held two bond auctions worth 4.7 billion Turkish liras ($2.2 billion). The auction on Monday came as the Treasury continued with plans to pay back 44.2 billion Turkish liras ($21 billion) of domestic debt for the period from July to September 2014.
The Treasury said in a statement last month that domestic borrowing for the same period last year was 30.5 billion Turkish liras ($15 billion). Turkey's Treasury says it will hold three more bond auctions on Tuesday.
Tuesday´s first auction will sell a two-year fixed coupon bond with an issue date of July 16, maturing July 13, 2016. In the second auction, a ten-year fixed coupon bond with an issue date of July 16 and maturing March 20, 2024, will be sold. The third auction on the same day will sell a ten-year CPI-indexed bond with an issue date of July 16, maturing May 8, 2024.
Keep up to date with what’s happening in Turkey,
it’s region and the world.
You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.