Investors focused on Treasury bonds in Turkey

Investors focused on Treasury bonds in Turkey

Investors focused on Treasury bonds in Turkey

Turkish Treasury and Finance Ministry will start issuing dollar- and euro-denominated bonds, as well as gold bonds and lease certificate based on gold starting on Dec. 17.

The applications for the bonds will be collected until Dec. 21, and the bonds will be delivered to the investors’ accounts on Dec. 28, according to a written statement published on the ministry’s website.

The government bonds will be issued with a one-year (364-day) term and a six-month (182-day) coupon payment. The coupon rate for euro-denominated bond for six months will be 1.25 percent, while the number will be 2 percent for dollar-denominated bonds. Euro and dollar government bonds will be sold to individual investors. The issuance of bills, bills and redemption of bills will be realized through Akbank, Denizbank, QNB Finansbank, Turk Economy Bank, Garanti Bank, Halkbank, İş Bank, Vakıfbank, Ziraat Bank and Yapı ve Kredi Bank.

The gold bonds will be sold by Ziraat Bankı, Ziraat Participation Bank, Halkbank, Vakıfbank, Vakıf Participation Bank and Kuveyt Türk Participation Bank.

The bonds will have a term of two years (728 days) and will have an annual yield of 2.4 percent on gold.

Turkish economy,