Treasury Unveils January Auction Schedule
The Treasury announced it will hold auctions for six bonds in January and will directly sell one gold bond and one gold-backed lease certificate. The Treasury published its "Domestic Borrowing Strategy" report for the next three months. On January 13, Monday, it will reissue a two-year (574 days) bond with a maturity date of August 12, 2028, which pays a fixed coupon semi-annually. On January 14, Tuesday, it will reissue a four-year (1,421 days) bond indexed to TLREF, maturing on December 6, 2028, paying a coupon quarterly, along with a five-year (1,701 days) bond with a maturity date of September 12, 2029, which pays a fixed coupon semi-annually. The settlement date for the issuances occurring over these two days will be January 15, 2024, Wednesday. There will be four auctions and one direct sale over two days. On January 20, Monday, the Treasury will introduce for the first time a six-month (182 days) bond maturing on July 16, 2025. On January 21, Tuesday, two bonds will be reissued. These include a bond indexed to inflation (CPI) maturing on December 15, 2027, which pays a coupon semi-annually and a six-year (2,275 days) variable-rate bond maturing on April 16, 2031, also paying a coupon semi-annually. The settlement date for the issuances occurring over these two days has been set for January 22, 2024, Wednesday. On January 24, the Treasury will directly sell a one-year (364 days) gold bond maturing on January 26, 2026, which pays both a coupon and rent every six months, along with a gold-backed lease certificate.
Domestic debt payments
The Treasury has a total payment of 225 billion 422 million TL in January. It will make 216 billion 805 million TL of this payment to the market and 8 billion 617 million TL to public institutions. In January, the Treasury has planned a total of 293.8 billion TL in domestic borrowing against a total domestic debt servicing of 225.4 billion TL. For February, a total of 166.4 billion TL is anticipated against total domestic debt servicing of 108.8 billion TL, and for March, a total of 161.1 billion TL is anticipated against total domestic debt servicing of 99.9 billion TL.