Turkish Treasury borrows $327M through auction

By Tuba Sahin

ANKARA (AA) - The Turkish Treasury borrowed 2.5 billion Turkish liras (nearly $327 million) from the domestic market in an auction on Tuesday, said an official statement.

The Treasury and Finance Ministry announced that five-year CPI indexed government bonds (semiannually, 12th-issue) were up for auction that will be settled on Wednesday and mature on Feb. 11, 2026.

According to the statement, the total tender for the 1,967-day securities was around 6.4 billion Turkish liras (some $838 million) with a 39% accepted/tendered rate.

The Treasury said the interest rate of the fixed coupon bonds was accepted at a 6.69% term rate while annual simple and compound interest rates were 13.37% and 13.82%, respectively.