Turkish Treasury borrows $360 mln through auction
ANKARA – Anadolu Agency
The interest rate of the 392-day bonds was accepted at a 21.4-percent term rate, with annual simple and compound interest rates of 19.87 and 19.73 percent, respectively.
At a second auction on Nov. 12, the Treasury borrowed 978 million Turkish liras ($179.7 million) by issuing fixed coupon bonds (re-open, second issue), which will be settled on Nov. 14 and mature on Oct. 18, 2023.
The ministry said the term rate of 1,799-day bonds was accepted at 8.47 percent term rate, while annual simple and compound interest rates were 16.95 and 17.67 percent, respectively.
On Nov. 9, the ministry announced that it cancelled three auctions due to a high demand from international markets and austerity measures announced in the New Economy Program.