In the last statement of the Ministry of Treasury and Finance Issuance of Income Indexed Bonds mentioned instrument. This instrument, which is the subject of discussion on the social media accounts of the ministry, especially on Twitter, has been announced as one of the economic steps expected to be taken in the near future. So, what is the Income Indexed Bond Issuance that arouses curiosity? We have conveyed the incoming statement to you.
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What is Income-Indexed Bond Issuance?
The Ministry of Treasury and Finance was one of the first places where the eyes of the dollar/TL rate exceeded 17TL today. The new statement of the ministry, which had previously announced different instruments, explains a new strategy called Income-Indexed Bond Issuance.
Within the scope of the steps to be taken in the press release published today (09.06.2022) from the official account of the Ministry;
In order to encourage our citizens to use their savings in Turkish Lira assets and to expand the investor base, our Ministry will carry out the demand collection for income-indexed State Domestic Debt Securities (GES) as of June 15, 2022.SPPs, which will only be offered to real persons, will be exported through the announcement and book collection processes to be carried out throughout our country.
Bookkeeping for the year, issuance of the bill, coupon and principal payments will be made through the banks to be specified in the announcement to be published on the website of our Ministry.
The promissory notes to be issued will provide coupon income to its investors quarterly and there will be a minimum return guarantee in coupon payments.The rate of return and maturity structure of the bill that will form the basis for the coupon payment will be announced in the issuance announcement. The final rate of return that the bond will provide to the investor will be determined by multiplying the rate of return determined by our Ministry at the issuance stage with the index value to be calculated within the framework of revenue realizations.
It is announced to the public with respect.
TR Ministry of Treasury and Finance
Twitter is by nature a high-pulse platform, and even small statements from within the government can sometimes have big repercussions. After this statement on Twitter, many comments came and it was moved to the agenda of the platform in a short time. Since this statement is now a trend, it is useful to choose the sources to follow the news well.
The instrument mentioned in the post, which received hundreds of retweets in a short time, will be activated on June 15. It is likely that we will see more explanations of this strategy in the future.