Turkish Treasury Borrows $1B+ From Domestic Markets

25.02.2020 18:27

Treasury and Finance Ministry issues government bonds for borrowing from domestic markets.

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 interest rates were 11.51% and 11.84%, respectively.

In another auction on Tuesday, the Treasury issued two-year Turkish lira overnight reference rate (TLREF)-indexed Treasury bills - semiannually, reopen, second issue – totaling 3.06 billion Turkish liras ($499.4 million).

The bonds will be settled on Wednesday with a maturity date of Jan. 26, 2022.

The total tender in the second auction amounted to 5.76 billion Turkish liras ($940.07 million), with a 53.2% accepted/tendered rate.

The term rate of 700-day government bonds was accepted at 2.50%, while the annual simple and compound interest rates were 9.99% and 10.37%, respectively. -

In order to provide you with a better service, we position cookies on our site. Your personal data is collected and processed within the scope of KVKK and GDPR. For detailed information, you can review our Data Policy / Disclosure Text. By using our site, you agree to our use of cookies.', '