Turkish Treasury borrows some $767M through auctions

ISTANBUL

The Turkish Treasury borrowed around 6.07 billion Turkish liras ($766.8 million) from domestic markets, an official statement said on Tuesday.

The Treasury and Finance Ministry announced that some 2.63 billion Turkish liras ($332.2 million) in five-year Turkish lira overnight reference rate (TLREF)-indexed bonds – quarterly, reopen, the third issue – were sold in the first auction.

The total tender amounted to 4.06 billion Turkish liras ($512.9 million), with a 64.8% accepted/tendered rate.

The Treasury said the term rate of 1,757-day government bonds was accepted at 4.43%, while the annual simple and compound interest rates were 17.73% and 18.94%, respectively.

In the second auction, the Treasury issued five-year CPI-indexed bonds – semiannually, reopen, sixth-issue – totaling 3.44 billion Turkish liras ($434.6 million).

According to the ministry, the total tender in the second auction amounted to 6.5 billion Turkish liras ($821.2 million), with a 52.7% accepted/tendered rate.

The term rate of 1,757-day government bonds was accepted at 1.38% of the periodic interest rate, while the annual simple and compound interest rates were 2.76% and 2.78%, respectively.

Both Treasury bills will be settled on Wednesday and mature on Jan. 14, 2026.

ISTANBUL

The Turkish Treasury borrowed around 6.07 billion Turkish liras ($766.8 million) from domestic markets, an official statement said on Tuesday.

The total tender amounted to 4.06 billion Turkish liras ($512.9 million), with a 64.8% accepted/tendered rate.

The Treasury said the term rate of 1,757-day government bonds was accepted at 4.43%, while the annual simple and compound interest rates were 17.73% and 18.94%, respectively.

In the second auction, the Treasury issued five-year CPI-indexed bonds – semiannually, reopen, sixth-issue – totaling 3.44 billion Turkish liras ($434.6 million).

According to the ministry, the total tender in the second auction amounted to 6.5 billion Turkish liras ($821.2 million), with a 52.7% accepted/tendered rate.

The term rate of 1,757-day government bonds was accepted at 1.38% of the periodic interest rate, while the annual simple and compound interest rates were 2.76% and 2.78%, respectively.

Both Treasury bills will be settled on Wednesday and mature on Jan. 14, 2026.