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Treasury
Bills and Government Bonds are government
securities issued by the Treasury of the
Republic of Turkey, with a term of shorter
than one year and with a term of one year and
longer, respectively. These promissory notes
can also be issued in foreign currency as
well. Coupon government bonds may be indexed
to foreign currency, inflation rate or the
bidding interests of the Treasury Bills. There
is also a secondary market in place for these
promissory notes with a state assurance. As
the interest rates fall the prices will rise
and vice versa, therefore trading may lead to
profit or loss. In case they are kept until
maturity, the yield from the fixed-income
bonds and government bonds are fixed on the
date of investment.
In Tekstilbank, you can find a buying or selling price
for each Treasury Bill and Debenture in the
market. A deposit slip is provided in the
sales transaction and the commercial papers
issued by the Central Bank of the Republic of
Turkey may be physically delivered on demand.
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