The Turkish Treasury borrowed some 7.4 billion Turkish liras ($1.3 billion) from domestic markets, according to an official statement Monday.
The Treasury and Finance Ministry said the first auction was held for 12-month zero coupon bonds (new issuance) totaling 5.25 billion Turkish liras ($910 million).
The total tender for the bonds was 6.86 billion Turkish liras ($1.2 billion) with a 76.5% accepted/tendered rate.
The government bonds will be settled on Wednesday and mature on June 10, 2020, while the interest rate of the 364-day bonds was accepted at a 24.45% term rate.
In the second auction on Monday, the Treasury borrowed nearly 2.2 billion Turkish liras ($380 million) by issuing five-year CPI-indexed government bonds (semiannually, new issuance) to be settled on Wednesday and mature on June 5, 2024.
The total tender for the bonds was 2.75 billion Turkish liras ($478 million), with a 79.6% accepted/tendered rate.
The ministry said the term rate of the 1,820-day bonds was accepted at 2.05%, while the annual simple and compound interest rates were 4.10% and 4.15%, respectively.
Source: Anadolu Agency