Treasury and Finance Ministry holds auction for borrowing from domestic markets
The Turkish Treasury borrowed 3.2 billion Turkish liras ($440 million) from the domestic market in an auction held on Monday.
The Treasury and Finance Ministry announced four-year Turkish lira overnight reference rate (TLREF)-indexed government bonds second issue, quarterly were up for an auction.
The government bonds will be settled on Wednesday, Aug. 12, and mature on July 17, 2024.
The total tender for the bonds was nearly 6 billion Turkish liras ($820 million) with a 53.1% accepted/tendered rate.
According to the ministry, the term rate of 1,435-day government bonds was accepted at 2.61%, while the annual simple and compound interest rates were 10.45% and 10.86%, respectively.