Turkish Treasury Borrows Over $340M Through Auction

21.01.2020 19:41

Treasury and Finance Ministry holds auction for domestic markets to issue zero coupon treasury bill with 91 day maturity.

The Turkish Treasury borrowed nearly 2 billion Turkish liras (around $340 million) from domestic markets, the Treasury and Finance Ministry announced on Tuesday.

The auction was held for 3-month zero coupon bonds -- new issuance -- to be settled on Wednesday and mature on April 22, according to an official statement.

The total tender amounted to 6.67 billion Turkish liras ($1.12 billion), with a 30% accepted/tendered rate.

The term rate of the 91-day Treasury bills was accepted at 2.32% while the average annual simple and compound interest rates were 9.26% and 9.59%, respectively.

According to the domestic borrowing strategy, the ministry has projected some 61.6 billion Turkish liras ($10.7 billion) of borrowing from the market through auctions in the December 2019-February 2020 period.

Tuesday's auction was third out of a total 19 planned auctions on the ministry's issuance calendar for the three-month period. -

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.', '