Sunday , October 2 2022

The Ministry of Finance and Finance announced an auction at the last minute …


Treasury and the Ministry of Finance canceled the auction of three bonds on November 12 and 13.

The following statements were made in the statement:

"As it is known, the Treasury Financing Program in 2018 plans to borrow $ 6.5 billion from foreign markets, and from 7 September 2018, a total of 7.7 billion dollars of external debt was realized.

In addition, thanks to the austerity measures taken for 2018 in the New Economic Program 2019-2021, the need for treasury financing has been reduced.

In this context, in order to reduce the amount of domestic borrowing and to reduce interest costs, taking into account the net borrowing limit for 2018, on 12 October 2018, a ten-year auction of government bonds indexed by consumer price index was published. On 7 November 2018, it was decided that the issuance of seven-year government bonds with a variable interest rate and ten-year government bonds would not be fixed.

We missed a major operation in two months.
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