ANKARA
The Turkish Treasury borrowed 11 billion Turkish liras (nearly $1.5 billion) from domestic markets on Tuesday, said an official statement.
The Treasury and Finance Ministry announced that some 7.3 billion Turkish liras (about $1 billion) fixed coupon bond — semiannually, new issuance — was sold in the first auction.
The Treasury bill will be settled on Wednesday and mature on May 4, 2022. The total tender amounted to 16 billion Turkish liras ($2.3 billion) with a 45.6% accepted/tendered rate.
The Treasury said the term rate of 728-day government bonds was accepted at 4.72%, while the annual simple and compound interest rates were 9.43% and 9.65%, respectively.
In the second auction on Tuesday, the Treasury issued five-year CPI-indexed government bonds — semiannually, reopen — totaling 3.8 billion Turkish liras (nearly $537 million).
The bonds will be settled on Wednesday with a maturity date of Jan. 29, 2025.
According to the ministry, the total tender in the second auction amounted to 7.9 billion Turkish liras ($1.1 billion) with a 48% accepted/tendered rate.
The term rate of 1,729-day government bonds was accepted at 1% of the periodic interest rate.
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