Monday, 07 January 2013 15:26
ISTANBUL: Turkey is expected to sell 1.8 billion lira ($1 billion) of its four-year fixed-coupon bond in a tap on Monday at an average compound yield of 6.86 percent, a Reuters survey of seven banks showed.
Sales to the market in the tap of a 10-year CPI-linked bond are seen at 1.75 billion lira with an average real return of 1.53 percent.
The four-year fixed-coupon bond was last tapped on Nov. 5 in a sale that produced an average annual compound yield of 7.36 percent.
The 10-year CPI-linked bond was also issued on Nov. 5 and produced an average real return of 1.69 percent.
The results of Monday's sales are due early in the afternoon.
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 CPI-linked bond.
Copyright Reuters, 2013