Government Bond Auction Results: Sales Volumes in Real and Fixed Coupon Bonds

The government re-issued CPI-indexed government bonds with a maturity of 4 years (1358 days), a real coupon payment of 2.63 percent every 6 months. In the tender, real simple interest was 5.75 percent and real compound interest was 5.83 percent. In the tender where the nominal bid was 640.2 million lira, the nominal sale was 190 million lira and the net sale was 204.5 million lira. In the tender, in which the entire offer of 4 billion lira from the public was met, an offer of 877 million lira was received from market makers and 450 million lira was sold to this sector.

In the second auction, government bonds with a maturity of 9 years (3304 days), a coupon payment of 15.03 percent every 6 months, and a fixed coupon were re-issued. In the tender, simple interest was 32.49 percent and compound interest was 35.12 percent. In the tender where the nominal bid was 56 billion 635 million liras, nominal sales were 34 billion 500 million liras and net sales were 36 billion 427.1 million liras. In the tender, where all 4 billion lira offers from the public were met, 57 billion 382 million liras offers were received from market makers and 34 billion liras were sold to this sector.