Turkey to auction benchmark lira-denominated 5¼% 10-year bonds Tuesday

By Paul A. Harris

St. Louis, Jan. 25 - Turkey will bring a benchmark offering of 5¼% 10-year bonds to auction on Tuesday, according to a market source.

The deal, expected to be sized at TRY 1.3 billion to TRY 1.5 billion, is expected to play to an international audience of investors.

Deutsche Bank will manage the sale.

The deadline for non-competitive bids is 8:15 a.m. GMT. Competitive bids are due by 9:45 a.m. GMT.

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