The Ministry of Treasury and Finance has called a bond auction.
As part of the tender, the Ministry carried out the first issue of government bonds indexed to the reference overnight interest rate (TLREF) in Turkish lira with a 4-year (1274 day) maturity with quarterly coupon payments. The periodic auction interest rate was 4%.
In the tender, where the nominal offer reached 2 billion and 920 million lire, the nominal sales were 1 billion and 425 million lire and the net sales were 1 billion and 319.5 million lire.
In the tender, in which no bids were received from the public, 811 million lire was collected from the market makers and 600 million lire was sold to this segment.
Therefore, the Treasury owed the market 1 billion and 919.5 million lire.