Treasury borrowed 46.8 billion liras – Last Minute Economic News

In the first auction, government bonds indexed to the Turkish lira overnight reference interest rate (TLREF) with a maturity of 4 years (1372 days) and coupon payments every 3 months (91 days) were re-issued. Periodic interest in the tender was 10.62 percent.

In the tender where the nominal bid was 25 billion 895 million liras, nominal sales were 12 billion 800 million liras and net sales were 14 billion 45.4 million liras.

In the tender where no offers were received from the public, 15 billion 381 million lira offers were received from market makers and 9 billion liras were sold to this sector.

In the second auction, fixed coupon government bonds with a maturity of 5 years (1666 days) and a coupon payment of 15.54 percent every 6 months were re-issued. In the tender, simple interest was 31.42 percent and compound interest was 33.88 percent.

In the tender where the nominal bid was 14 billion 213 million liras, nominal sales were 9 billion 409 million liras and net sales were 10 billion 557.9 million liras.

In the tender, where no bids were received from the public, an offer of 5 billion 311 million liras was received from market makers and 3 billion 500 million liras were sold to this sector.

In the third tender, the re-issuance of CPI-indexed government bonds with a maturity of 5 years (1764 days) and a 0 percent real coupon payment every 6 months was carried out. In the tender, real simple interest was 2.57 percent and compound interest was 2.58 percent.

In the tender where the nominal bid was 11 billion 593.5 million liras, nominal sales were 5 billion 44.5 million liras and net sales were 4 billion 915 million liras.

In the tender, where all 3 billion lira offers from the public were met, 3 billion 101 million liras offers were received from market makers and 1 billion 750 million liras were sold to this sector.

Thus, the Treasury borrowed a total of 46 billion 768.3 million liras in 3 tenders.