The Turkish Treasury borrowed 9.3 billion Turkish liras ($1.58 billion) from domestic markets on Tuesday.

Some 5.84 billion Turkish liras ($993.16 million) in 15-month zero coupon Treasury bills — first issue — were sold in the first auction, the Treasury and Finance Ministry announced.

The Treasury bills will be settled on Wednesday and mature on April, 14, 2021.

The total tender amounted to 12.2 billion Turkish liras ($2.07 billion), with a 47.8% accepted/tendered rate.

The Treasury said the term rate of the 455-day Treasury bills was accepted at 13.23%, while the annual simple and compound interest rates were 10.59%

Read more: Turkish Treasury borrows $1.58B from domestic markets