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2026-09-15 20:22:10
[Turkish Government Bond Issuance: Yield Divergence Between Two Maturities] ⑴ Before issuing additional fixed-coupon bonds maturing on April 16, 2031, the Turkish Ministry of Finance sold 27 billion lira to primary dealers through a non-competitive bidding process. ⑵ The non-competitive bidding volume for this maturity bond before the auction was approximately 44.9 billion lira, with approximately 15.3 billion lira sold to state-owned institutions. ⑶ Before issuing additional fixed-coupon bonds maturing on September 27, 2034, the Ministry of Finance sold 22 billion lira to primary dealers through a non-competitive bidding process. ⑷ The non-competitive bidding volume for this maturity bond before the auction was approximately 36.8 billion lira, with approximately 5 billion lira sold to state-owned institutions. ⑸ The yield on the additional bonds maturing on April 16, 2031, was 38.73%, with a net issuance size of approximately 23.7 billion lira. ⑹ The yield on the additional bonds maturing on September 27, 2034, was 35.19%, with a net issuance size of approximately 24.9 billion lira.
