#Forex Haberleri

Treasury conducts bond auction worth 102.8 billion lira

The Treasury and Ministry of Finance conducted two government bond auctions today, raising 102,757.8 million lira in borrowing. In the auctions held today by the Treasury and Ministry of Finance, a total borrowing of 102,757.8 million lira was made. The first auction saw the first issuance of a one-year (364 days) Turkish lira overnight reference interest rate (TLREF) indexed government bond with quarterly coupon payments. The periodical interest rate in the auction was 12.05. With a nominal bid of 100,155 million lira, the nominal sales reached 48,823 million lira and the net sales stood at 48,195.6 million lira. Despite no bids from the public sector, market makers submitted bids totaling 60,070.3 million lira, of which 30 billion lira was sold. The second auction featured the reissuance of a four-year (1617 days) fixed-rate government bond with semi-annual 15% coupon payments. The simple interest rate was 36.49, while the compound interest rate was 39.81. With a nominal bid of 33,643.8 million lira, the nominal sales were 15,439.8 million lira, and the net sales amounted to 13,562.2 million lira. As with the first auction, the public sector did not participate, but market makers bid 21,877 million lira, with 11 billion lira sold in this segment. Consequently, the Treasury borrowed a total of 102,757.8 million lira in the two auctions.

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