In the 10-year bond auction, where the Ministry of Treasury and Finance sold 11 billion TL, the compound interest rate was recorded as 27.98 percent. The auction received a record demand of 69.7 billion.
The Ministry of Treasury and Finance borrowed a total of 13.5 billion liras in the first issuance of 15-month coupon-free government bonds and the re-issuance of 10-year government bonds with fixed coupon payments every 6 months.
While 19 billion lira was offered for the first issue of 15-month coupon-free government bonds, net sales amounted to 2.56 billion lira. The compound interest rate on this bond was 41.39 percent.
While 69.7 billion Turkish lira was bid for the re-issuance auction of 10-year government bonds with fixed coupon payments every 6 months, net sales amounted to 11 billion liras. The compound interest rate on this bond was 27.98 percent.