Treasury Borrows 31.92 Billion TL Through Two Auctions

In two bond auctions conducted by the Treasury, total sales amounted to 19 billion 919.1 million TL. Along with a pre-auction ROT sale of 12 billion TL, the total sales reached 31 billion 919.1 million TL. The Treasury issued fixed coupon bonds with a maturity of 2 years (602 days) and variable rate bonds with a maturity of 6 years (2,310 days).

In the fixed coupon bond auction, total bids reached 40 billion 422.5 million TL, with net sales of 13 billion 581 million TL and the nominal amount of sales at 12 billion 608.5 million TL. In this auction, the compound interest rates were realized at a minimum of 43.58%, an average of 43.85%, and a maximum of 43.95%. The simple interest rate averaged at 39.88%. The minimum price was set at 107,625 TL, and the average price was 107,713 TL. The bonds sold in the auction will be issued on Wednesday, December 18, 2024. The redemption date for the re-issued 6-month coupon-bearing bond is August 12, 2026.

-Variable Rate Bonds- In the variable rate bond auction, net sales amounted to 6 billion 338.1 million TL, while the nominal amount of sales reached 7 billion 55 million TL. Traders submitted bids totaling 16 billion 55 million TL in the auction. The compound interest rates for this auction were recorded at a minimum of 22.45%, an average of 23.33%, and a maximum of 23.74%. The minimum price of the bond was set at 88,436 TL, with an average price of 89,838 TL. The bonds sold in this auction will also be issued on Wednesday, December 18, 2024. The redemption date for the re-issued bond with semiannual coupon payments is April 16, 2031.