Page 48 - TURKRptMar20

Turkey’s 5-year credit default swaps (​CDS​) rose from below 240bp in January to above 300 in February. A record level of 566bp in was seen in September 2018 after the lira crisis.
8.5.2​ Fixed income - govt funding plans
Domestic Government Debt Auctions and Borrowing Program
(TRY bn)
Total
Public
Yield
Auction
Maturity
Paper
Bids
Sold
B
S
(%)
5-Nov
Jul 24, 2024
5-year fixed semi-annual (re-open)
4.5
2.3
-
-
12.59
5-Nov
Oct 30, 2024
5-year CPI-indexed lease certificate (direct sale)
1.7
11-Nov
Oct 20, 2021
2-year Fixed Semi-annual (benchmark) (re-open)
8.6
5.2
1.5
1.5
12.27
11-Nov
Nov 6, 2024
5-year CPI-indexed semi-annual (new)
7.7
4.6
0.5
0.5
3.27
12-Nov
Oct 7, 2020
329-day Zero Coupon (re-open)
8.0
5.1
0.5
0.5
12.25
12-Nov
Feb 11, 2026
6-year fixed semi-annual (re-open)
4.0
1.6
0.0
0.0
12.54
12-Nov
Nov 4, 2026
7-year floating semi-annual (new)
4.5
3.0
0.5
0.5
14.96
10-Dec
Jun 10, 2020
6-month bill (re-open)
5.6
3.7
0.6
0.6
11.32
10-Dec
Nov 4, 2026
7-year floating semi-annual (re-open)
2.9
2.0
0.2
0.2
15.03
48​ TURKEY Country Report​ March 2020 ​ ​www.intellinews.com