Turkish Treasury Borrows $264M Through Auction

Treasury and Finance Ministry holds auction for borrowing from domestic markets.

The Turkish Treasury borrowed 1.8 billion Turkish liras ($264 million) from domestic markets on Friday, said an official statement.
The Treasury and Finance Ministry announced the Treasury bills (new issuance) were sold in an auction.
The government bonds will be settled on Wednesday and mature on Dec. 9, 2020. The total tender amounted to 3.7 billion Turkish liras ($543 million) with a 48.8% accepted/tendered rate.
The term rate of the Treasury bills was accepted at 4.25%, while the annual simple and compound interest rates were 7.89% and 8.03%, respectively. -