The Treasury incurred a debt of approximately 102.4 billion lira in two bond auctions held today by the Ministry of Treasury and Finance. In the first auction, a fixed-rate government bond with a term of 2 years (700 days) and a 16.3% coupon payment every 6 months was reissued. The simple interest in the auction was 34.34%, with a compound interest of 37.28%. While the nominal offering reached 78.2 billion, the nominal sale was 34.5 billion lira, with a net sale of 34.5 billion lira. The full offer of 4 billion lira from the public was accepted, and bids totaling 44.6 billion lira were received from market makers, with sales of 20 billion lira to this sector.
In the second auction, the first issuance of a government bond indexed to the TLREF with a term of 4 years (1456 days) and a coupon payment every 3 months was conducted. The nominal offering reached 52.4 billion lira, with a nominal sale of 30.3 billion lira and a net sale of 29.8 billion lira. The total offer of 6.5 billion lira from the public was accepted, with bids totaling 15.6 billion lira from market makers and sales of 7.5 billion lira to this segment. As a result, the Treasury incurred a total debt of 102.4 billion lira in these two auctions.