By Yunus Girgin
ANKARA (AA) – The Turkish Treasury borrowed around 8.68 billion Turkish liras (some $1 billion) from domestic markets, according to an official statement on Monday.
The Treasury and Finance Ministry announced that 5.55 billion Turkish liras ($643 million) in four-year fixed coupon rate government bonds were sold on Monday.
The total tender amounted to 8.21 billion Turkish liras ($951.7 million), with a 67.6% accepted/tendered rate.
The Treasury said the term rate of the 1,575-day government bonds was accepted at 9.26%, while the annual simple and compound interest rates were 18.52% and 19.38%, respectively.
The Treasury bills will be settled on Wednesday and mature on Oct. 1, 2025.
In a second auction, the Treasury issued 10-year CPI-indexed government bonds – the first issue, semiannually – totaling 3.13 billion Turkish liras ($360 million).
According to the ministry, the total tender in the second auction amounted to 4.94 billion Turkish liras ($570 million), with a 63.3% accepted/tendered rate.
The term rate of the 3,640-day government bonds was accepted at 1.59% of the periodic interest rate, while the annual simple and compound interest rates were 3.19% and 3.21%, respectively.
The bills will be settled on Wednesday and mature on May 28, 2031.
