Turkish Treasury holds auction to borrow over $280 million
The Turk sh Treasury borrowed TRY 1.85 b ll on ($283.4 m ll on) from domest c markets on August 14, accord ng to an off c al statement. The Treasury and F nance M n ster sa d an auct on was held for 7-year float ng rate government bonds (sem annually, f rst ssue). The government bonds were settled on August 15 and mature on Aug. 6, 2025. Accord ng to the Treasury, the total tender amounted to around TRY 4.3 b ll on (nearly $659 m ll on), w th a 43 percent accepted/tendered rate. The Treasury sa d the nterest rate of 2,548-day bonds was accepted at a 10.13 percent term rate, wh le annual s mple and compound nterest rates stood at 20.27 and 21.30 percent, respect vely.