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On the new issuance, Market is expecting 25bp premium to secondary market. What would be the expected auction yield/price of new treasury bond? TRT250823F10 -
On the new issuance, Market is expecting 25bp premium to secondary market. What would be the expected auction yield/price of new treasury bond?
TRT250823F10 - USD Denominated Fixed Coupon Rate General Information Press Release 24.08.2020 Order Book 26.08.2020 Settlement Date 28.08.2020 Maturity (Days) 1092 ISIN Code TRT250823F10 Maturity Date 25.08.2023 Periodic Coupon Rate (6 Months) 1,87% Payment Dates 1st Coupon Payment 26.02.2021 2nd Coupon Payment 27.08.2021 3rd Coupon Payment 25.02.2022 4th Coupon Payment 26.08.2022 Sth Coupon Payment 24.02.2023 6th Coupon Payment 25.08.2023 Maturity Local Bank USD Deposit Rates 1M 0.70% 3M 1.00% Secondary Market Price Yield Z-Spread 101.00 3.89 3.55 TURKEY 5 % 03/30/21 Corp TURKEY 4 % 04/11/23 Corp 102.360 3.16 3.59 TURKEY 7 % 02/05/25 Corp 103.50 6.45 6.15 TRT250823F10 - USD Denominated Fixed Coupon Rate General Information Press Release 24.08.2020 Order Book 26.08.2020 Settlement Date 28.08.2020 Maturity (Days) 1092 ISIN Code TRT250823F10 Maturity Date 25.08.2023 Periodic Coupon Rate (6 Months) 1,87% Payment Dates 1st Coupon Payment 26.02.2021 2nd Coupon Payment 27.08.2021 3rd Coupon Payment 25.02.2022 4th Coupon Payment 26.08.2022 Sth Coupon Payment 24.02.2023 6th Coupon Payment 25.08.2023 Maturity Local Bank USD Deposit Rates 1M 0.70% 3M 1.00% Secondary Market Price Yield Z-Spread 101.00 3.89 3.55 TURKEY 5 % 03/30/21 Corp TURKEY 4 % 04/11/23 Corp 102.360 3.16 3.59 TURKEY 7 % 02/05/25 Corp 103.50 6.45 6.15Step by Step Solution
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