Turkish Treasury borrows $1.3B through auctions
The Turkish Treasury borrowed some 7.4 billion Turkish liras ($1.3 billion) from domestic markets, according to an official statement on June 10.
The total tender for the bonds was 6.86 billion Turkish liras ($1.2 billion) with a 76.5% accepted/tendered rate.
In the second auction on June 10, the Treasury borrowed nearly 2.2 billion Turkish liras ($380 million) by issuing five-year CPI-indexed government bonds (semiannually, new issuance) to be settled on June 12 and mature on June 5, 2024.
The total tender for the bonds was 2.75 billion Turkish liras ($478 million), with a 79.6% accepted/tendered rate.
The ministry said the term rate of the 1,820-day bonds was accepted at 2.05%, while the annual simple and compound interest rates were 4.10% and 4.15%, respectively.