March 20, 2018•Update: March 20, 2018
By Gokhan Ergocun
ANKARA
The Turkish Treasury borrowed a total of 3.76 billion Turkish liras ($957.2 million) from domestic markets on Tuesday, according to an official statement.
The Treasury Undersecretariat reported that 1.83 billion Turkish liras ($464.7 million) in two-year fixed coupon government bonds (semiannually, re-open, fifth issue) were sold at auction.
The government bonds will be settled on Wednesday and mature on Nov. 13, 2019. The total tender was 4.42 billion Turkish liras ($1.13 billion) with a 41.3 percent accepted/tendered rate.
The Treasury said the term rate of 602-day government bonds was accepted at 6.76 percent, while annual simple and compound interest rates were 13.53 and 13.98 percent, respectively.
At Tuesday's second auction, the Treasury issued 10-year fixed coupon government bonds (semiannually, first issue) totaling 1.93 billion Turkish liras ($492.5 million).
The bonds will be settled on Wednesday with a maturity date of March 8, 2028.
According to the undersecretariat, the total tender in the second auction was 5.58 billion Turkish liras ($1.42 billion), with a 34.7 percent accepted/tendered rate.
The term rate of 3,640-day government bonds was accepted at 6.22 percent, while annual simple and compound interest rates were 12.45 and 12.83 percent, respectively.
