The Turkish Treasury borrowed 6.1 billion Turkish liras (nearly $863 million) from domestic markets on May 11, according to an official statement.
The Treasury and Finance Ministry announced that some 2.5 billion Turkish liras (about $353 million) fixed coupon bond- semiannually, re-open- was sold in the first auction.
The Treasury bill will be settled on Wednesday and mature on Sept. 9, 2021. The total tender amounted to 4.8 billion Turkish liras ($679 million) with a 53.2% accepted/tendered rate.
The Treasury said the term rate of 497-day government bonds was accepted at 4.36%, while the annual simple and compound interest rates were 8.71% and 8.90%, respectively.
In the second auction on Monday, the Treasury issued seven-year floating rate note bonds- semiannually, new issuance- totaling 3.6 billion Turkish liras (nearly $509 million).
The bonds will be settled on Wednesday with a maturity date of May 5, 2027.
According to the ministry, the total tender in the second auction amounted to 8.7 billion Turkish liras ($1.2 billion), with a 40.9% accepted/tendered rate.
The term rate of 2,548-day government bonds was accepted at 4.90% of the periodic interest rate.
Hurriyet Daily News