Turkish Treasury holds auctions to borrow nearly $1.3B

ANKARA

Turkey's Treasury Undersecretariat borrowed 4.5 billion Turkish liras (around $1.28 billion) from the domestic market in two separate auctions on Tuesday, according to an official statement.

The Turkish Treasury announced that 2.63 billion Turkish liras (nearly $753 million) 10-year fixed coupon bonds (semiannually, new issuance) were up for auction that will be settled on Wednesday and mature on Aug. 11, 2027.

According to the statement, the total tender for 10-year bonds was around 4.42 billion Turkish liras (some $1.26 billion) with a 59.6 percent accepted/tendered rate.

The Treasury said the interest rate of the newly issued 10-year fixed coupon bonds was accepted at a 5.19 percent term rate while annual simple and compound interest rates were 10.39 and 10.66 percent, respectively.

In addition, the Treasury borrowed 1.87 billion Turkish liras (nearly $535 million) through another auction for two-year fixed coupon bonds (semiannually, re-open) that will be settled on Wednesday and mature on May 15, 2019.

The total tender for two-year bonds was 3.97 billion Turkish liras (around $1.13 billion) with a 47.1 percent accepted/tendered rate.

The interest rate of the re-opened fixed coupon bonds was accepted at a 5.69 percent term rate while annual simple and compound interest rates were 11.39 and 11.71 percent, respectively.

Source: Anadolu Agency

Turkish Treasury holds auctions to borrow nearly $1.3B

ANKARA

Turkey's Treasury Undersecretariat borrowed 4.5 billion Turkish liras (around $1.28 billion) from the domestic market in two separate auctions on Tuesday, according to an official statement.

The Turkish Treasury announced that 2.63 billion Turkish liras (nearly $753 million) 10-year fixed coupon bonds (semiannually, new issuance) were up for auction that will be settled on Wednesday and mature on Aug. 11, 2027.

According to the statement, the total tender for 10-year bonds was around 4.42 billion Turkish liras (some $1.26 billion) with a 59.6 percent accepted/tendered rate.

The Treasury said the interest rate of the newly issued 10-year fixed coupon bonds was accepted at a 5.19 percent term rate while annual simple and compound interest rates were 10.39 and 10.66 percent, respectively.

In addition, the Treasury borrowed 1.87 billion Turkish liras (nearly $535 million) through another auction for two-year fixed coupon bonds (semiannually, re-open) that will be settled on Wednesday and mature on May 15, 2019.

The total tender for two-year bonds was 3.97 billion Turkish liras (around $1.13 billion) with a 47.1 percent accepted/tendered rate.

The interest rate of the re-opened fixed coupon bonds was accepted at a 5.69 percent term rate while annual simple and compound interest rates were 11.39 and 11.71 percent, respectively.

Source: Anadolu Agency