The Treasury borrowed 90 billion lira

The Ministry of Treasury and Finance borrowed 90 billion 263.4 million lira in three government bond auctions.

The first auction featured a fixed-coupon government bond with a two-year (728-day) maturity and a semiannual coupon payment of 18.92 percent. Simple interest was 37.32 percent, while compound interest was 40.8 percent.

In the tender where the nominal bid reached 44 billion 409.2 million lira, nominal sales were recorded as 30 billion 693 million lira and net sales were recorded as 30 billion 904.2 million lira.

In the tender, where the 5 billion lira bid from the public sector was fully met, 24 billion 265.4 billion lira bids were received from market makers and 12 billion lira worth of sales were made to this segment.

In the second auction, a CPI-indexed government bond with a maturity of four years (1428 days), a real coupon payment of 2.25 percent every six months was reissued.

In the tender where the nominal bid reached 1 billion 610 million lira, nominal sales were calculated as 450 million lira and net sales were calculated as 433.9 million lira.

In the tender, where all 7 billion lira bids from the public sector were met, 2 billion 427 million lira bids were received from market makers and 1.5 billion lira worth of sales were made to this segment.

The third auction saw the first issuance of a fixed-coupon government bond with a five-year (1,820-day) maturity and a 17.05% coupon payment every six months. Simple interest was 33.37% and compound interest was 36.15%.

In the tender where the nominal bid reached 29 billion 339 million lira, nominal sales were 17 billion 622 million lira and net sales were 17 billion 925.3 million lira.

In the tender, where the 2 billion lira bid from the public was fully met, 25 billion 699.5 million lira bids were received from market makers and 13.5 billion lira worth of sales were made to this segment.

Thus, the Treasury borrowed a total of 90 billion 263.4 million lira in three tenders.