18 December 2018•Update: 18 December 2018
By Gokhan
ISTANBUL
The Turkish Treasury has borrowed over 1.5 billion Turkish liras ($280.5 million) from domestic markets, according to an official statement on Tuesday.
An auction was held for seven-year floating rate bonds (reopen, issuance), the Treasury and Finance Ministry announced.
The government bonds will be settled on Wednesday and mature on Aug. 6, 2025, while the total tender was over 2.7 billion Turkish liras ($504.9 million), with a 56.1-percent accepted/tendered rate.
The interest rate of the 2,422-day bonds was accepted at a 9.74-percent term rate, with annual simple and compound interest rates of 19.49 and 20.44 percent, respectively.
