Turkish Treasury borrows $552 mln through auction
ANKARA- Anadolu Agency
The Turkish Treasury borrowed some 3.22 billion Turkish liras ($552 million) from domestic markets, according to an official statement on April 22.
The total tender for the bonds was 4.63 billion Turkish liras ($794 million) with a 69.5% accepted/tendered rate.
According to the ministry's borrowing strategy, the Treasury projected to hold nine bond-auctions and a direct sale of lease certificate in the April-June period to borrow some $5.8 billion from domestic markets.
The ministry also announced that the government's gross debt stock was around 1.16 trillion Turkish liras (nearly $209 billion) at the end of March.
Last month's figure was up 27.3% from the same period of last year, according to the official data released on April 22.
More than half of the debt stock is in local currency- some 592.76 billion Turkish liras ($106.8 billion)- while the rest is denominated in foreign currencies.
The country's total gross debt stock's 53.7% was domestic and 46.3% was external.