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ASELSAN announced that its GOKALP Counter-UAV System successfully destroyed a target drone using a hit-to-kill interceptor during a live demonstration at the company's Ogulbey Technology Base, marking the entry of a fully mobile and cost-effective solution into Türkiye's autonomous air defense portfolio.President Recep Tayyip Erdogan on Friday criticized the existing global order and the United Nations, warning that binding international accords and judicial rulings are increasingly ignored while the UN system lacks legitimacy for failing to reflect the will of the global community.Foreign Minister Hakan Fidan said Thursday that Ankara has finalized preparations to submit the Mecca defense agreement to parliament for approval, stressing that the pact provides for mutual defense and does not authorize attacks or troop deployments to other countries.The Royal Swedish Academy of Sciences on Wednesday awarded the 2026 Nobel Prize in Chemistry to Henri Kagan and Kenso Soai for discoveries explaining how molecular asymmetry essential to life emerges through autocatalysis, resolving a century-old mystery about homochirality with significant implications for drug development.Turkish President Recep Tayyip Erdogan told Russian counterpart Vladimir Putin on Wednesday that Ankara stands ready to facilitate direct contacts between Moscow and Kyiv, emphasizing Black Sea navigational safety and congratulating the leader on his birthday and election success.

ASELSAN announced that its GOKALP Counter-UAV System successfully destroyed a target drone using a hit-to-kill interceptor during a live demonstration at the company's Ogulbey Technology Base, marking the entry of a fully mobile and cost-effective solution into Türkiye's autonomous air defense portfolio.President Recep Tayyip Erdogan on Friday criticized the existing global order and the United Nations, warning that binding international accords and judicial rulings are increasingly ignored while the UN system lacks legitimacy for failing to reflect the will of the global community.Foreign Minister Hakan Fidan said Thursday that Ankara has finalized preparations to submit the Mecca defense agreement to parliament for approval, stressing that the pact provides for mutual defense and does not authorize attacks or troop deployments to other countries.The Royal Swedish Academy of Sciences on Wednesday awarded the 2026 Nobel Prize in Chemistry to Henri Kagan and Kenso Soai for discoveries explaining how molecular asymmetry essential to life emerges through autocatalysis, resolving a century-old mystery about homochirality with significant implications for drug development.Turkish President Recep Tayyip Erdogan told Russian counterpart Vladimir Putin on Wednesday that Ankara stands ready to facilitate direct contacts between Moscow and Kyiv, emphasizing Black Sea navigational safety and congratulating the leader on his birthday and election success.

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Turkish Treasury borrows $970M through auction

09:18, 22/08/2017, TuesdayU: Update: 09:19, 22/08/2017, Tuesday

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Turkish Treasury borrows $970M through auction

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Treasury sells around $970M in 5-year fixed coupon bonds to domestic markets, official statement says

The Turkish Treasury borrowed 3.4 billion Turkish liras (nearly $970 million) from the domestic market in an auction on Monday, according to an official statement.

Turkey's Undersecretariat of Treasury announced that five-year fixed coupon bonds (semiannually, new issuance) were up for auction that will be settled on Wednesday and mature on Aug. 17, 2022.

According to the statement, the total tender for the securities was around 7.56 billion Turkish liras (some $2.16 billion) with a 44.9 percent accepted/tendered rate.

The Treasury said the interest rate of the newly issued fixed coupon bonds was accepted at a 5.33 percent term rate while annual simple and compound interest rates were 10.65 and 10.94 percent, respectively.

Titles :borrowing auction economy Fixed Coupon Bond Turkey’s Undersecretariat of Treasury