The Turkish Treasury has borrowed over 1.5 billion Turkish liras ($280.5 million) from domestic markets, according to an official statement on Tuesday.
An auction was held for seven-year floating rate bonds (reopen,
The government bonds will be settled on Wednesday and mature on Aug. 6, 2025, while the total tender was over 2.7 billion Turkish liras ($504.9 million), with a 56.1-percent accepted/tendered rate.
The interest rate of the 2,422-day bonds was accepted at a 9.74-percent term rate, with annual simple and compound interest rates of 19.49 and 20.44 percent, respectively.Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.