The Ministry of Treasury and Finance continued two separate bond auctions within the scope of the domestic borrowing program in July.
In the first auction, CPI-indexed bonds with a maturity of 5 years were sold. While the offer amounted to 57.8 billion TL, the Treasury realized net sales of 10.4 billion TL. The real compound interest rate of this bond was minus 7.64 percent.
In another auction, 10-year bonds were sold. In this tender, a bid of 7.56 billion TL was received and a net sales of 4.34 billion TL was made by the Treasury. The compound interest rate on this bond was 19.83 percent.
Before the auctions, the Ministry of Treasury and Finance sold 8 billion TL against the 29.5 billion TL offer of market makers in the 5-year CPI-indexed bond. In the same period, 3.75 billion TL net sales were made against the 5.48 billion TL bid of market makers in the 10-year bond auction. However, this bond was not sold to the public.
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