The Turkish Treasury borrowed 43.8 billion Turkish Liras in two bond issuances

Turkish bond

The Ministry of Treasury and Finance borrowed a total of 43.8 billion Turkish Liras through the pre-auction sales of 2-year and 5-year government bonds.

The Ministry of Treasury and Finance initiated two bond issuances for the domestic borrowing program in August.

Through the reissuance auctions of 2-year and 5-year government bonds with fixed semi-annual coupon payments of 6.30% and 8.65% respectively, the Ministry borrowed a net total of 23.8 billion Turkish Liras.

For the 2-year bond auction, the total demand was 1.08 billion Turkish Liras, and the net sales amounted to 260.5 million TL. The compound interest rate for this bond was 18.28%.

As for the 5-year bond auction, the total demand reached 32.1 billion Turkish Liras, with net sales amounting to 23.5 billion TL. The compound interest rate for this bond was realized at 20.55%.

Before the reissuance of 2-year and 5-year government bonds with fixed semi-annual coupon payments of 6.30% and 8.65% respectively, the Ministry of Treasury and Finance borrowed a total of 20.05 billion Turkish Liras.

For the 2-year bond issuance, there were 71 million TL bids from market makers, but only 50 million TL was sold. There was no public offering for this bond.

As for the 5-year bond issuance, there were 33.5 billion TL bids from market makers, but only 20 billion TL was sold. Again, there was no public offering for this bond.

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