Turkish Treasury borrows over $500M through auction

Turkish Treasury borrows over $500M through auction

Treasury and Finance Ministry holds auction for domestic markets to issue government bonds

By Gokhan Ergocun

ISTANBUL (AA) - The Turkish Treasury borrowed 2.9 billion Turkish liras ($506.5 million) from domestic markets on Tuesday, according to an official statement.

The Treasury and Finance Ministry announced that five-year CPI-indexed government bonds (reopen, third issue, semiannually) were sold in an auction.

The government bonds will be settled on Wednesday and mature on June 5, 2024. The total tender amounted to 4 billion Turkish liras ($698.6 million) with a 72.6% accepted/tendered rate.

The Treasury said the term rate of 1,750-day government bonds was accepted at 1.99%, while the annual simple and compound interest rates were 3.99% and 4.03%, respectively.

The Treasury held two more auctions on Monday to borrow 4.67 billion Turkish liras ($830.5 million) from the domestic market.

According to the ministry's borrowing strategy, the Treasury projects to hold 14 bond-auctions and a direct sale of lease certificates this July-September to borrow some 36.5 billion Turkish liras ($6.3 billion) from domestic markets.

Kaynak:Source of News

This news has been read 200 times in total

ADD A COMMENT to TO THE NEWS
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
Previous and Next News