Turkish Treasury holds auction to borrow over $280M

By Gokhan

ANKARA

The Turkish Treasury borrowed 1.85 billion Turkish liras ($283.4 million) from domestic markets on Tuesday, according to an official statement.

The Treasury and Finance Minister said an auction was held for 7-year floating rate government bonds (semiannually, first issue).

The government bonds will be settled on Wednesday and mature on Aug. 6, 2025.

According to the Treasury, the total tender amounted to around 4.3 billion Turkish liras (nearly $659 million), with a 43 percent accepted/tendered rate.

The Treasury said the interest rate of 2,548-day bonds was accepted at a 10.13-percent term rate, while annual simple and compound interest rates stood at 20.27 and 21.30 percent, respectively.

The Treasury has borrowed 3.2 billion Turkish liras ($470 million) through two auctions on Monday.

By Gokhan

ANKARA

The Turkish Treasury borrowed 1.85 billion Turkish liras ($283.4 million) from domestic markets on Tuesday, according to an official statement.

The Treasury and Finance Minister said an auction was held for 7-year floating rate government bonds (semiannually, first issue).

The government bonds will be settled on Wednesday and mature on Aug. 6, 2025.

According to the Treasury, the total tender amounted to around 4.3 billion Turkish liras (nearly $659 million), with a 43 percent accepted/tendered rate.

The Treasury said the interest rate of 2,548-day bonds was accepted at a 10.13-percent term rate, while annual simple and compound interest rates stood at 20.27 and 21.30 percent, respectively.

The Treasury has borrowed 3.2 billion Turkish liras ($470 million) through two auctions on Monday.