By Muhammed Ali Gurtas
ANKARA (AA) – The Turkish Treasury borrowed 1.63 billion Turkish liras (some $435 million) from the domestic market in an auction held Tuesday, said the institution.
Turkey’s Treasury Undersecretariat announced that the securities up for auction were five-year floating rate notes (semiannually, re-open) which will be settled tomorrow, March 15, and mature on April 20, 2022.
The Treasury said that total tender for the securities, which was 2.84 billion liras (around $759 million), was almost twice the actual issue size of 1.63 billion liras (some $435 million), with a 57.5 percent accepted/tendered rate.
According to the official statement, the interest rate of the floating rate notes was accepted as 4.95 percent term rate.
