Turkish Treasury borrows $1.5B from domestic markets

ISTANBUL

The Turkish Treasury borrowed 8.85 billion Turkish liras ($1.5 billion) from domestic markets on Tuesday.

Some 4.7 billion Turkish liras ($798.8 million) in two-year fixed coupon Treasury bills — semiannually, reopen, third issue — were sold in the first auction, the Treasury and Finance Ministry announced.

The Treasury bills will be settled on Wednesday and mature on Oct. 20, 2021.

The total tender amounted to 6.85 billion Turkish liras ($1.1 billion), with a 68.9% accepted/tendered rate.

The Treasury said the term rate of the 672-day Treasury bills was accepted at 5.77%, while the annual simple and compound interest rates

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