Treasury borrowed 4.87 billion TL in two bonds

The Ministry of Treasury and Finance held a 15-month coupon-free and 7-year floating rate bond auction.

In the 15-month coupon-free bond auction, the Treasury sold 267 million TL against the 1.27 billion TL bid. Compound interest in the tender was 17.05 percent.

In the re-issuance of 7-year floating interest rate, semi-annual coupon payment government bonds, a sale of 1.77 billion TL was made against the 3.12 billion TL offer. The periodic interest rate on the 7-year bond was 8.62 percent. Thus, the total net borrowing amount in the 2 auctions amounted to TL 2.04 billion.

The first issuance of the Treasury’s 15-month non-coupon government bonds and the reissue of the 7-year floating rate government bonds with semi-annual coupon payments made a total of TL 2.83 billion in sales to market makers and the public beforehand.

A sale of 25 million TL was made against the 51 million offer from market makers before the auction for a 15-month coupon-free government bond. In this bond, 1 billion TL was sold to the public before the auction.

A sale of TL 1.8 billion was made in response to the TL 2.83 billion offer of 7-month floating rate government bonds from market makers before the auction. This bond was not sold to the public before the auction.

Thus, the Treasury borrowed a total of TL 4.87 billion in two bonds.