Treasury Raises 25 Billion TL in Debt Through Two Auctions

Forex - The Treasury's two bond auctions resulted in a total sale of 13 billion 458.5 million TL. Including the 11.5 billion TL ROT sale conducted before the auctions, the total sale reached 24 billion 958.5 million TL. The Treasury issued inflation-indexed bonds with a maturity of 3 years (1,015 days) and fixed coupon bonds with a maturity of 10 years (3,612 days).

In the inflation-indexed bond auction, bids totaled 6.92 billion TL, while net sales amounted to 4 billion 581.1 million TL. The nominal value of the sales was realized at 4 billion 515 million TL. In this auction, the average real simple interest rate was 5.23%, with the lowest real compound interest at 5.00%, the average at 5.30%, and the highest at 5.50%. The minimum price in the auction was set at 100.959 TL, while the average price was 101.465 TL. The settlement date for the reissued bond was established as Wednesday, November 6, 2024. The repayment date for the bond, which pays interest every six months, is August 18, 2027.

-Fixed Coupon- In the fixed coupon bond auction, net sales amounted to 8 billion 877.4 million TL, with the nominal sales total at 9 billion 88.6 million TL. Bids received in the auction reached 18 billion 407.7 million TL. In the auction, the compound interest was recorded at a minimum of 30.95%, an average of 31.16%, and a maximum of 31.28%, while the average simple interest came in at 29.05%. The minimum price in the auction was 97.344 TL, and the average price was 97.676 TL. The papers sold in the auction, which pay interest every six months, will be issued on November 6, 2024. The repayment date for the reissued bond is September 27, 2034.