Turkish Treasury borrows nearly $ 1 billion by auction

ANKARA

The Turkish Treasury has borrowed about 8.36 billion Turkish liras ($ 1 billion) in domestic markets, according to an official statement on June 22.

The Treasury and Finance Ministry announced that 3.35 billion Turkish liras ($ 400 million) of four-year fixed coupon government bonds were sold on Monday.

The total tender amounted to 5.24 billion Turkish Liras ($ 6.2 million), with an acceptance / tender rate of 63.9%.

The Treasury said the 1,589-day government bond term rate was accepted at 9.04%, while the annual simple and compound interest rates were 18.09% and 18.90%, respectively.

The Treasury bills will be settled on Wednesday and will mature on October 1, 2025.

In a second auction, the Treasury issued five-year government bonds indexed to the Turkish Lira Overnight Reference Rate (TLREF) – the first issue, quarterly – for a total of $ 5 billion. Turkish Lira ($ 600 million).

According to the ministry, the total bid for the second auction was 7.85 billion Turkish liras ($ 936 million), with an accept / offer rate of 63.8%.

The 1,911-day government bond term rate was accepted at 4.99% of the periodic interest rate, while the annual simple and compound interest rates were 19.95% and 21.5, respectively. %.

Invoices will be paid on Wednesday and will fall due on August 19, 2026.

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