TRNC to Issue 23 Million in Government Debt Securities
The TRNC Ministry of Finance will hold an auction on November 5 to issue Government Domestic Debt Securities worth a total of 23 million in US dollars, euros and British pounds. The auctions, to be conducted through the Central Bank of the TRNC, will involve Treasury Bill borrowings of US$10 million, €3 million and £10 million.
According to the announcement, the Treasury will convert the proceeds into Turkish lira through swap transactions in order to avoid assuming exchange rate risk.
Bids will be accepted from 10:00 to 12:00 on November 5. The securities will be issued on November 6, 2026, and will mature on April 9, 2027. The auctions will have a maturity of 154 days.
Both individuals and legal entities will be able to participate in the auctions through banks. Banks will be able to submit their bids through the Government Domestic Debt Securities menu on the e-Transaction platform.
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