North Cyprus Finance Ministry Raises New Borrowing Through Treasury Bonds
The Finance Ministry of North Cyprus conducted another placement of treasury bonds through the Central Bank, attracting new financing in Turkish lira and foreign currencies.
Following the auctions, the government raised 6.6 billion Turkish lira, 12.6 million US dollars, 3.35 million euros and 18.7 million pounds sterling.
The strongest demand was recorded for 84-day Turkish lira bonds. With an initial placement volume of 4 billion lira, investors submitted bids for nearly 9 billion lira, resulting in the borrowing volume being increased to 6.6 billion lira.
The weighted average interest rate on the Turkish lira bonds was 41.42%. For the foreign-currency issues, yields reached 4.05% in US dollars, 3.37% in euros and 4.58% in pounds sterling.
Author
These articles are created by our staff using AI assistants.
You may also be interested in:
- Damage from non-functioning radars in the TRNC exceeded 600 million lira
- 85.6% of Northern Cyprus residents believe the country is heading in the wrong direction — STUDY
- Neurosurgeon Çağın Ozankaya represented the TRNC at a deep brain stimulation congress in Vienna
- TRNC Foreign Ministry Rejects Rotating Presidency Model for Cyprus
- TRNC Prime Minister Üstel promises to present family support projects within 80 days
Comments (0)