Turkish Treasury borrows $552M through auction

Turkish Treasury borrows $552M through auction

Comments Off on Turkish Treasury borrows $552M through auction

The Turkish Treasury borrowed some 3.22 billion Turkish liras ($552 million) from domestic markets, according to an official statement Monday.

The Treasury and Finance Ministry said the auction was held for two-year fixed coupon bonds (semiannually, new issuance) to be settled on Wednesday and mature on April 21, 2021.

The total tender for the bonds was 4.63 billion Turkish liras ($794 million) with a 69.5% accepted/tendered rate.

The interest rate of the 728-day bonds was accepted at a 10.54% term rate, as the annual simple and compound interest rates were 21.07% and 22.18%, respectively.

According to the ministry's borrowing strategy, the Treasury projected to hold nine bond-auctions and a direct sale of lease certificate in the April-June period to borrow some $5.8 billion from domestic markets.

Source: Anadolu Agency

admin

Related Posts

Turkish FM urges enterprising foreign policy for peace

Comments Off on Turkish FM urges enterprising foreign policy for peace

Turkish aid agency carried out 850 projects in Bosnia

Comments Off on Turkish aid agency carried out 850 projects in Bosnia

Iraq’s Kirkuk Province to Vote in Kurdish Independence Referendum

Comments Off on Iraq’s Kirkuk Province to Vote in Kurdish Independence Referendum

Turkish aid agency supports development in Palestine

Comments Off on Turkish aid agency supports development in Palestine

Turkey expects Moldova’s direct support against FETO

Comments Off on Turkey expects Moldova’s direct support against FETO

‘The Time Allocated to All These Should Be Devoted to Solving Rabia Naz Murder’

Comments Off on ‘The Time Allocated to All These Should Be Devoted to Solving Rabia Naz Murder’

Turkey’s first lady marks World Autism Awareness Day

Comments Off on Turkey’s first lady marks World Autism Awareness Day

Student sentenced to 5-month imprisonment after one-year arrest due to participating in funeral of Berkin Elvan

Comments Off on Student sentenced to 5-month imprisonment after one-year arrest due to participating in funeral of Berkin Elvan

US Jerusalem move ‘declaration of war’: Al-Aqsa imam

Comments Off on US Jerusalem move ‘declaration of war’: Al-Aqsa imam

Azerbaijani cyclist loses fortune but gains the world

Comments Off on Azerbaijani cyclist loses fortune but gains the world

Northern Cypriot people stand with Turkey: Minister

Comments Off on Northern Cypriot people stand with Turkey: Minister

Kenya makes first crude oil export

Comments Off on Kenya makes first crude oil export

Create Account



Log In Your Account