Turkish Treasury to issue euro-denominated bonds
ANKARA – Anadolu Agency
The Turkish Treasury will launch new euro-denominated securities starting this week, according to the Treasury and Finance Ministry on Sept. 11.
“In order to diversify the borrowing instruments and to broaden investor base, the ministry will issue the euro-denominated government bonds and lease certificates to resident and non-resident individual investors [natural persons] starting from Sept. 12,” the ministry said in a statement.
The ministry said the decision was made at the request of Turkish citizens living abroad.
“The securities will be transferred to the investors’ bank accounts on Wednesdays following the demand collection period of the related round,” it said.
According to the official statement, the new securities will be issued with one-year (364 day) maturity.
“Certificates will be issued by the multiples of 1,000 euros,” the ministry said.
Last week, the Treasury also introduced its new gold-based borrowing securities — gold bonds and lease certificates — to diversify borrowing instruments, broaden the investor base, and bring idle gold into the economy.