The Turkish Treasury borrowed nearly 12.6 billion Turkish liras (nearly $1.8 billion) from domestic markets on Monday.

Some 7.6 billion Turkish liras ($1.1 billion) in 14-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 June 9, 2021.

The total tender amounted to 11.4 billion Turkish liras ($1.7 billion), with a 66.7% accepted/tendered rate.

The Treasury said the term rate of the 427-day Treasury bills was accepted at 14.21%, while the annual simple and compound interest rates

Read more: Turkish Treasury borrows $1.8B through auction