Turkish Treasury Secures 67 billion Lira Through Short-Term Debt Instruments

The Turkish Ministry of Treasury and Finance announced on Monday that it raised approximately 67 billion liras by issuing short-term debt instruments in a public auction, as part of covering budgetary needs.

The issuance included zero-coupon treasury bonds with a maturity of 280 days, where the simple interest rate reached 38.88%, while the compound interest rate amounted to 40.51%.

According to Treasury data, the total nominal value of bids was about 58.8 billion liras, while nominal sales worth 33.7 billion lira were accepted, resulting in net sales of 25.9 billion lira.

Full requests from public institutions, totaling 31 billion liras, were also fulfilled, while market makers received 10 billion liras out of offers worth 17.5 billion lira.

This move indicates Ankara’s continued reliance on domestic financing through debt instruments, at a time when the country faces economic pressures and increasing inflationary challenges.