Business & Finance

Turkish fixed-coupon bond yields 5.93pc, below forecast

Published May 13, 2013 Updated May 13, 2013 12:23pm

1 min

By Muhammad Iqbal

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ISTANBUL: Turkey's Treasury sold a Feb. 14, 2018, fixed-coupon bond at a yield of 5.93 percent in a tap on Monday, below a forecast of 6.03 percent.

Sales of the fixed-coupon bond stood at 2.92 billion lira ($1.62 billion), while bids were 5.997 billion lira. It also sold a March 11, 2020, floating rate note (FRN) at an average price of 98.584 lira in a tap, below a forecast of 99.600 lira.

Sales of the FRN stood at 773.4 million lira. Bids stood at 1.118 billion lira.

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