Turkish Treasury borrows nearly $292M through auction

Treasury and Finance Ministry holds auction to borrow from domestic markets

By Aysu Bicer

ANKARA (AA) - The Turkish Treasury borrowed 2 billion Turkish liras (about $292 million) from domestic markets on Monday, said an official statement.

The Treasury and Finance Ministry announced that the fixed-coupon bonds (semiannually, seventh issue) were sold in an auction.

The government bonds will be settled on Wednesday and mature on Jan. 18, 2023.

The total tender amounted to 5 billion Turkish liras ($729 million) with a 39.3% accepted/tendered rate.

The interest rate of the 693-day government bonds was accepted at a 5.24% term rate, while the annual simple and compound interest rates were 10.49% and 10.76%, respectively.

Kaynak:

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