The Ministry of Treasury and Finance continued its domestic borrowing program in January with two bonds. While the compound interest rate in the 5-year bond auction of the Treasury was 9.9 percent, net sales of 22.8 billion TL were made against the offer of 30.1 billion TL.
In the case of TLREF indexed bonds with a maturity of 3 years, sales of 3.27 billion TL were realized against 7 billion TL offers. The periodic interest in the tender was 4.11 percent.
Before the tender, the Ministry sold 16 billion lira in fixed coupon bonds with a maturity of 5 years, while the offer price was 27.1 billion TL.
The public sale of 5-year bonds was 1.25 billion liras.
The Treasury’s 3-year TLREF (Turkish Lira overnight reference interest rate) bond, on the other hand, sold 250 million liras, while the bid size was 376 million liras.