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  HOME PAGE 23/09/2018 04:42 
13.03.2018 17:58 News >> Turkish Treasury Borrows Nearly $687M Through Auction

Turkish Treasury Borrows Nearly $687M Through Auction

Treasury Undersecretariat issues 5 year fixed rate notes through auction.

The Turkish Treasury borrowed 2.65 billion Turkish liras ($686.9 million) from domestic markets on Tuesday, according to an official statement.

The Treasury Undersecretariat reported that an auction was held for six-year fixed rate notes (semiannually, re-open, third issue).

The government bonds will be settled on Wednesday and mature on Jan. 18, 2023.

According to the Treasury, the total tender amounted to 4.83 billion Turkish liras ($1.25 billion), with a 55 percent accepted/tendered rate.

The Treasury said the interest rate of 1,771-day bonds was accepted at a 6.44-percent term rate, while annual simple and compound interest rates stood at 12.88 and 13.30 percent, respectively. -



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