20.8 billion TL borrowing from the Treasury
The Ministry of Treasury and Finance continued its June borrowing schedule with two bonds.
The Treasury borrowed a total of 10.8 billion liras in two bond auctions. In the first issuance of 7-year floating interest rate, semi-annual coupon payments, the bid amount was 3.89 billion liras and net sales were 2.42 billion liras.
The periodic interest rate in this bond auction was 8.26 percent.
While an offer of 16.3 billion lira was made for the re-issuance of government bonds with a maturity of 9 years and a fixed coupon payment of 5.20 percent every 6 months, net sales of 8.39 billion lira were made. The compound interest rate in this bond auction was 18.09 percent.
Treasury sold 10 billion TL in two bonds before the auction
The Ministry of Treasury and Finance sold 10 billion liras in two bonds before the tender. Before the first issuance of government bonds with a 7-year maturity, variable interest rate, and a coupon payment every 6 months, a sale of 3 billion lira was made against the 5.16 billion lira offer from market makers. This bond was not sold to the public before the auction. Before the re-issuance of government bonds with a maturity of 9 years and a fixed coupon payment of 5.20% every 6 months, a sale of 6 billion TL was made against the 9.76 billion TL offer from market makers. In this bond, 1 billion lira was sold to the public before the tender.
