Turkey's Treasury and Finance Ministry Will Hold Two Bond Auctions Tomorrow, According to the Ministry's Borrowing Calendar in Türkiye

The first auction will be a re-issue of a 3-year (1,232-day) floating-rate government bond with semi-annual coupon payments. The second will be a re-issue of a 4-year (1,414-day) government bond indexed to the Turkish lira overnight reference rate (TLREF), also with semi-annual coupon payments. Both auctions are scheduled to take place on the same day as part of the ministry's debt issuance program. The re-issues indicate the ministry is continuing to tap existing benchmark maturities rather than launching new lines.