ISTANBUL: Turkey's tap on Tuesday of its five-year fixed-coupon bond maturing in June 2018 is expected to pay an average compound yield of 9.03 percent, a Reuters survey showed.
A tap of Turkey's 10-year CPI-linked bond maturing in August 2023 was seen generating a real interest rate of 3.08 percent, according to the poll of seven financial institutions.
Including non-competitive bid sales to primary dealers of 880.8 million lira ($440.4 million) ahead of the auction, sales to the market of the five-year bond were forecast to reach 2 billion lira.
Sales to the market of the 10-year bond were expected to be 2.04 billion lira, including non-competitive bid sales to primary dealers of 746.3 million lira.
Forecasts for the five-year bond yield ranged between 8.90-9.10 percent and were in a range of 3.00-3.20 percent for the 10-year bond.
Turkey's Treasury said at the end of last month it planned domestic borrowing of 11.5 billion lira in October, of which 10.3 billion lira would be from markets, against redemptions of 14.9 billion lira.
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