Turkish Treasury borrows $1.7B from domestic markets

ISTANBUL

The Turkish Treasury borrowed 10.6 billion Turkish liras ($1.72 billion) from domestic markets this week, the Treasury and Finance Ministry announced on Tuesday.

Some 2.88 billion Turkish liras ($467.5 million) in five-year CPI indexed Treasury bills – reopen, semiannually, second issue – were sold in an auction on Monday.

The Treasury bills will be settled on Wednesday and mature on Jan. 29, 2025.

The total tender amounted to 6.07 billion Turkish liras ($985.4 million), with a 47.5% accepted/tendered rate.

The Treasury said the term rate of the 1,785-day Treasury bills was accepted at 1.20%, while the annual simple and

Read more: Turkish Treasury borrows $1.7B from domestic markets