Turkish Treasury issues some $148M lease certificates
Lease certificates' periodic rent rate at 7.40%, says Treasury
ISTANBUL
Turkey's Treasury and Finance Ministry announced that it had issued lease certificates worth 846.5 million liras ($147.9 million) on Tuesday.
Certificates will be settled on Wednesday, while their maturity day is Aug. 19, 2021, according to a written statement.
The 728-day lease certificates' periodic rent rate (6 months) was 7.40%, the Treasury noted.
Lease certificates are assets-based security which enable their holders to acquire shares from revenues.
The Treasury also held three auctions this week to borrow around $1.35 billion from domestic markets.
According to the ministry's borrowing strategy, the Treasury projects to hold 14 bond auctions and a direct sale of lease certificates this July-September to borrow some 36.5 billion Turkish liras ($6.3 billion) from domestic markets.
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