Turkish Treasury borrows some $480M through auctions

ISTANBUL

The Turkish Treasury borrowed around 3.75 billion Turkish liras ($478.6 million) from domestic markets on Monday, according to an official statement.

The Treasury and Finance Ministry announced that some 1.62 billion Turkish liras ($206.6 million) in two-year fixed coupon bonds – semiannually, reopen, second issuance – were sold in the first auction.

The Treasury bill will be settled on Wednesday and mature on Nov. 9, 2022. The total tender amounted to 2.88 billion Turkish liras ($367.2 million) with a 56% accepted/tendered rate.

The term rate of 700-day government bonds was accepted at 6.96%, while the annual simple and compound interest rates were 13.92% and 14.40%, respectively.

In the second auction on Monday, the Treasury issued five-year fixed coupon bonds – new issuance – totaling 2.14 billion Turkish liras ($272.9 million).

The bonds will be settled on Wednesday with a maturity date of Oct. 1, 2025.

According to the ministry, the total tender in the second auction amounted to 2.97 billion Turkish liras ($378.7 million), with a 72% accepted/tendered rate.

The term rate of 1,757-day government bonds was accepted at 6.60% of the periodic interest rate, while the annual simple and compound interest rates were 13.21% and 13.64%, respectively.

ISTANBUL

The Turkish Treasury borrowed around 3.75 billion Turkish liras ($478.6 million) from domestic markets on Monday, according to an official statement.

The Treasury bill will be settled on Wednesday and mature on Nov. 9, 2022. The total tender amounted to 2.88 billion Turkish liras ($367.2 million) with a 56% accepted/tendered rate.

The term rate of 700-day government bonds was accepted at 6.96%, while the annual simple and compound interest rates were 13.92% and 14.40%, respectively.

In the second auction on Monday, the Treasury issued five-year fixed coupon bonds – new issuance – totaling 2.14 billion Turkish liras ($272.9 million).

The bonds will be settled on Wednesday with a maturity date of Oct. 1, 2025.

According to the ministry, the total tender in the second auction amounted to 2.97 billion Turkish liras ($378.7 million), with a 72% accepted/tendered rate.

The term rate of 1,757-day government bonds was accepted at 6.60% of the periodic interest rate, while the annual simple and compound interest rates were 13.21% and 13.64%, respectively.