ANKARA
Turkey's Treasury has raised 5.36 billion Turkish liras ($2 billion) after running three bond auctions on Tuesday.
The auction came as the Treasury continues with plans to pay back 437.6 billion lira ($14 billion) of domestic debt for the period from April to June 2015.
The first auction was for 24-month Fixed Bond Coupons (semi-annually, re-open) which will be issued on April 29 and will mature on Nov. 16, 2016. It was sold at 9.71 percent simple interest and at 9.95 percent compound interest.
Other auctions were for 7-year Floating Coupon Bonds (semi-annually, new issuance) and 10-year Fixed Coupon Bonds (semi-annually, re-open), which were sold at 9.21 percent simple interest and at 9.43 percent compound interest.
The treasury had raised 5.4 billion Turkish liras ($2 billion) from two other bond auctions on Monday.
