Turkish Treasury borrows $1B+ from domestic markets

ISTANBUL

The Turkish Treasury borrowed 6.32 billion Turkish liras ($1.04 billion) from domestic markets this week, the Treasury and Finance Ministry announced.

Some 3.26 billion Turkish liras ($532.05 million) in two-year fixed coupon rate Treasury bills - reopen, semiannually, fifth issue - were sold in an auction on Monday.

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

The total tender amounted to 6.6 billion Turkish liras ($1.08 billion), with a 49.3% accepted/tendered rate.

The Treasury said the term rate of the 602-day Treasury bills was accepted at 5.75%, while the annual simple and compound