Tuba Şahin
April 10, 2018•Update: April 10, 2018
By Tuba Sahin
ANKARA
The Turkish Treasury borrowed 1.97 billion Turkish liras ($480 million) from domestic markets on Tuesday, according to an official statement.
The Treasury Undersecretariat reported that an auction was held for 10-year fixed rate notes (semiannually, re-open, second issue).
The government bonds will be settled on Wednesday and mature on March 8, 2028.
According to the Treasury, the total tender amounted to 3.07 billion Turkish liras ($750 billion), with a 64.2 percent accepted/tendered rate.
The Treasury said the interest rate of 3,619-day bonds was accepted at a 6.40-percent term rate, while annual simple and compound interest rates stood at 12.80 and 13.21 percent, respectively.
