The new securities will be issued with a one-year maturity.
Turkish Ministry of Treasury and Finance has announced that the treasury will launch new euro-denominated securities starting this week.
In a statement, the Ministry of Treasury and Finance stated that in order to diversify the borrowing instruments and to broaden investor base, it will issue the euro-denominated government bonds and lease certificates to resident as well as non-resident individual investors (natural persons) starting from 12 September 2018.
The demand for the securities will be collected in different rounds through state-owned lender, Ziraat Bank and Ziraat Bank internet banking platform.
Additionally, the securities will be transferred to the investors’ bank accounts following the demand collection period of the related round.
Certificates will be issued by the multiples of EUR 1,000 and investors can sell the securities to only Ziraat Bank at any time by the multiples of EUR 1,000.
Last week, the treasury also introduced its new gold-based borrowing securities-gold, bonds and lease certificates.