The Turkish Treasury borrowed a total of 3.18 billion Turkish liras ($715.07 million) from domestic markets on Tuesday, according to an official statement, Anadolu Agency reports.
The Treasury Undersecretariat reported that 1.52 billion Turkish liras ($342 million) in two-year fixed coupon government bonds (semiannually, re-open, sixth issue) were sold in an auction.
The government bonds will be settled on Wednesday and mature on Nov. 13, 2019. The total tender was 2.11 billion Turkish liras ($475.96 million) with a 71.9 percent accepted/tendered rate.
The Treasury said the term rate of 546-day government bonds was accepted at 7.99 percent, while annual simple and compound interest rates were 15.97 and 16.61 percent, respectively.
In Tuesday's second auction, the Treasury issued five-year fixed coupon government bonds (semiannually, re-open, fifth issue) totaling 1.66 billion Turkish liras ($373.1 million).
The bonds will be settled on Wednesday with a maturity date of Jan. 18, 2023.