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         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
 














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