Treasury and Finance raises 43.8 billion liras in government bond auctions

The Ministry of Treasury and Finance organized two government bond auctions today, raising 43.8 billion liras.

In the first auction, the Ministry re-issued fixed coupon government bonds with a maturity of 2 years (784 days) and a coupon payment of 6.3 percent every six months. The simple interest rate was 17.52 percent, and the compound interest rate was 18.28 percent.

In the auction, where the nominal bid reached 1 billion 81 million liras, nominal sales amounted to 272 million liras and net sales to 260.5 million liras.

In the second auction, government bonds with a maturity of 5 years (1806 days) and a coupon payment of 8.65 percent every six months were re-issued.

The simple interest rate was 19.59 percent, and the compound interest rate was 20.55 percent.

In the auction, where the nominal bid reached 32 billion 90 million liras, nominal sales amounted to 25 billion 118 million liras, and net sales amounted to 23 billion 500.8 million liras.