Turkish Treasury borrows some $1.5B through auctions
Treasury Undersecretariat holds 2 auctions for fixed coupon government bonds
By Muhammed Ali Gurtas
ANKARA
The Turkish Treasury borrowed a total of 5.88 billion Turkish liras ($1.54 billion) from domestic markets on Tuesday, according to an official statement.
The Treasury Undersecretariat reported that 2.05 billion Turkish liras ($540.1 million) in two-year fixed coupon government bonds (semiannually, re-open,
The government bonds will be settled on Wednesday and mature on Nov. 13, 2019. The total tender was 3.82 billion Turkish liras ($1 billion) with a 53.8 percent accepted/tendered rate.
The Treasury said the term rate of 637-day government bonds was accepted at 6.51 percent, while annual simple and compound interest rates were 13.02 and 13.44 percent, respectively.
At Tuesday's second auction, the Treasury issued 10-year fixed coupon government bonds (semiannually, re-open,
According to the
The term rate of 3,465-day government bonds was accepted at 5.89 percent, while annual simple and compound interest rates were 11.79 and 12.13 percent, respectively.
Meanwhile, the Treasury held three auctions for government bonds and Treasury bills to borrow a total of 8.51 billion Turkish liras ($2.23 billion) from domestic markets on Monday.
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