By Muhammed Ali Gurtas
The Turkish Treasury has borrowed 9.85 billion Turkish liras ($1.86 billion) from domestic markets, according to an official statement Tuesday.
The Treasury and Finance Ministry said the first auction was held for two-year fixed coupon bonds (semiannually, reopen,
The government bonds will be settled on Wednesday and mature on Aug. 12, 2020, while the total tender for the bonds was 6.8 billion Turkish liras ($1.28 billion) with a 77.7-percent accepted/tendered rate.
The interest rate of the 539-day bonds was accepted at
In a second auction on Tuesday, the Treasury borrowed 4.57 billion Turkish liras ($863 million) by issuing five-year CPI-indexed government bonds (semiannually, reopen,
The total tender for the bonds was 5.55 billion Turkish liras ($1.05 billion), with
The ministry said the term rate of 1,785-day bonds was accepted at 1.93 percent, while the annual simple and compound interest rates were 3.86 and 3.89 percent, respectively.
Meanwhile, the Treasury also borrowed 2.56 billion Turkish liras ($483.7 million) from domestic markets by issuing six-month floating rate bonds on Monday.
According to the ministry's borrowing strategy, the Treasury projected to hold nine bond-auctions and a direct sale of lease certificate in the February-April period to borrow some $6.6 billion from domestic markets.