Posted on 09 May 2011
9 May 2011
The Turkish Treasury in Ankara announced that it has sold approximately 2.4 Billion USD (3.7 Billion TL) of lower yielding three-year fixed-rate bonds, more than twice the amount sold in April. Turkey is looking to reduce its borrowing costs as the Turkish central bank keeps interest rates at 6.25 percent which is a record low.
The government also sold approximate 380 Million USD (586.8 million TL) of May 2016 bonds which are index linked to inflation at an average real yield of 2.32 percent.
Source – Hurriyet