The Treasury and Ministry of Finance conducted two treasury bond auctions today, raising 102.8 billion lira in borrowing. In today’s two treasury bond auctions, the Treasury and Ministry of Finance raised 102.8 billion lira in borrowing. The first auction featured the first issuance of a Turkish lira overnight reference interest rate (TLREF) indexed government bond with a 1-year (364 days) maturity and coupon payments every 3 months. The periodic interest rate in the auction was 12.05%. With a nominal bid of 100.155 billion lira, the nominal sale reached 48.823 billion lira, and the net sale was 48.1956 billion lira. Despite no bids from the public sector, market makers submitted bids of 60.703 billion lira, of which 30 billion lira was sold. The second auction saw a reissuance of a fixed coupon government bond with a 4-year (1617 days) maturity and semi-annual coupon payments at a rate of 15%. The simple interest rate was 36.49%, while the compound interest rate was 39.81%. With a nominal bid of 33.6438 billion lira, the nominal sale was 15.4398 billion lira, and the net sale was 13.5622 billion lira. Once again, no bids were received from the public sector, but market makers submitted bids of 21.877 billion lira, with 11 billion lira being sold to this group. As a result, the Treasury borrowed a total of 102.7578 billion lira in the two auctions.