Turkish Treasury borrows $ 230 million in domestic markets

ANKARA

The Turkish Treasury on Tuesday borrowed 1.9 billion Turkish liras ($ 230 million) in domestic markets, according to an official statement.

The Treasury and Finance Ministry announced that some 685 million Turkish liras ($ 82 million) of one-year fixed coupon bonds – semi-annually, the seventh issue – had been auctioned.

The treasury bills will be settled on Wednesday and will mature on November 9, 2022. The offer was worth 1.4 billion Turkish liras ($ 160 million) with an accept / bid rate of 49.5% .

The 532-day government bond rate was accepted at 8.9%, while the annual simple and compound interest rates were 17.80% and 18.59%, respectively.

In Tuesday’s second auction, the Treasury issued seven-year floating rate bonds (semi-annually, sixth issue) totaling 1.2 billion Turkish liras ($ 148 million).

The bonds will settle on Wednesday with a maturity date of November 17, 2027.

According to the ministry, the total bid for the second auction amounted to 2.3 billion Turkish liras ($ 270.7 billion), with an acceptance / bid rate of 54.5 percent.

The 2,366-day government bond rate was accepted at 8.98%, while the annual simple and compound interest rates were 17.95% and 18.76%, respectively.

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