Turkish Treasury sells new zero-coupon bond at 12.40pc yield

ISTANBUL: The Turkish Treasury sold a net 78.3 million lira ($21.13 million) of a new 12-month zero-coupon bond at an average compound yield of 12.40 percent on Monday, central bank data showed.

It also sold a net 2,008.9 million lira in a tap of a 5-year fixed-coupon bond at an average compound yield of 11.92 percent and a net 319.4 million lira in a tap of a 10-year, CPI-indexed bond at 2.9 percent, central bank data showed.