Treasury postponed the May-June redemption of 2.4 million TL debt to 10 years with yesterday’s exchange auctions Author Reuters


© Reuters.

ISTANBUL, 3 February (Reuters) – The Treasury postponed the debt repayment of approximately 2.4 billion lira to 2030, with two exchange auctions yesterday, for May and June terms.

In the first tender of the Ministry of Treasury and Finance yesterday, the floating-rate bond with redemption of 19 May 2021 was taken back and fixed coupon bond with redemption of 13 November 2030 was issued. CBTI

In the auction, the average compound interest was 13.02%, the nominal offer was 483.5 million TL and the net sales was 168.4 million TL.

In the second tender, the unpaid bond with redemption of 9 June 2021 was withdrawn and fixed coupon bond with redemption of 13 November 2030 was issued in return.

Average compound interest rate was 13%, nominal offer was 3.35 billion lira, net sales was 2.2 billion lira.

In January, the Treasury postponed the redemption of approximately 5.5 billion TL with maturity of April, May and June to 8 and 10 years through exchange auctions.

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