Wednesday 12, September 2018 by Kudakwashe

Turkish treasury borrows $515 million through auction


The auction was held for two-year fixed coupon bonds.

The Turkish treasury has borrowed $515 million from domestic markets, according to local newswire Anadolu.

The government bonds will be settled this week and matures on 12 August 2020, while the total tender was around $915 million with a 56.3 per cent tendered rate.

Additionally, the interest rate of the 700-day bonds was accepted at a 11.9 per cent term rate, with annual simple and compound interest rates of 23.7 and 25.1 per cent respectively.

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