Turkey's treasury auctions two bonds worth $1.32B

ANKARA

Turkey's treasury has borrowed 3.95 billion Turkish liras ($1.32 billion) through the auction of two bonds, according to the Undersecretariat of Treasury Tuesday.

The first auction saw five-year semi-annual bonds with a 4.60-coupon rate sold at 9.08 simple interest and at 9.28 percent compound interest rate.

The second auction was for six-year fixed semi-annual bonds, which was sold at 5.54 percent periodic compound interest rate.