Turkish Treasury borrows $209 mln through auctions
ANKARA
The Turkish Treasury borrowed around 1.8 billion Turkish liras ($209 million) from domestic markets, according to an official statement on June 8.
The Treasury and Finance Ministry announced that 768 million Turkish liras ($89 million) in 12-month zero-coupon government bonds (reopen, second issue) were sold.
The total tender amounted to 1.89 billion Turkish liras ($219.8 million), with a 40.5% accepted/tendered rate.
The Treasury said the term rate of the 371-day government bonds was accepted at 19.09%, while the annual simple and compound interest rates were 18.73% and 18.70%, respectively.
In a second auction, the Treasury issued six-year floating rate government bonds- the seventh issue, semiannually totaling 1.05 billion Turkish liras ($121 million).
According to the ministry, the total tender in the second auction amounted to 1.85 billion Turkish liras ($215.24 million), with a 57% accepted/tendered rate.
The term rate of the 2,352-day government bonds was accepted at 9.10% of the periodic interest rate, while the annual simple and compound interest rates were 18.20% and 19.03%, respectively.
