Turkey’s Treasury borrows 15.5 billion liras in auctions today

Arti Gercek reports that today, the Turkish Ministry of Treasury and Finance conducted the reopening of a fixed coupon government bond with a maturity of 3 years (1239 days) and semi-annual coupon payments at a rate of 8.45 percent. The auction resulted in a simple interest rate of 14.47% and a compound interest rate of 14.99%.

The nominal bids for the auction totaled 416 million Turkish liras, while the nominal sale and net sale amounted to 157 million liras and 169.5 million liras, respectively.

There were no bids from the public sector in the auction, and the market makers submitted bids totaling 110 million liras, of which 70 million liras were sold to them.

NO BIDS FROM THE PUBLIC SECTOR

In the second auction, the reissuance of a fixed-coupon government bond with a 10-year (3472 days) maturity and a 5.2% semi-annual coupon payment was realized. The real simple interest rate was 12.02% and the real compound interest rate was 12.39% in the auction.

The nominal tender in the auction, which amounted to 9 billion 189 million liras, resulted in nominal sales of 6 billion 767 million liras and net sales of 6 billion 477.1 million liras.

In the auction, where there were no bids from the public sector, market makers submitted bids totaling 13 billion 405 million liras, and sales worth 8 billion 750 million liras were made to this group. As a result, the Treasury borrowed a total of 15 billion 466 million liras in the two auctions.