The Treasury and Finance Ministry conducted two state bond auctions today, raising 102 billion 757.8 million lira in debt. In these auctions, the Treasury and Finance Ministry borrowed a total of 102 billion 757.8 million lira. The first auction involved the initial issuance of a one-year (364-day) Turkish lira overnight reference interest rate (TLREF)-indexed government bond, with a periodical interest rate of 12.05%. Despite a nominal bid reaching 100 billion 155 million lira, the nominal sale was 48 billion 823 million lira, with a net sale of 48 billion 195.6 million lira, as no bids were received from the public sector but market makers bid 60 billion 70.3 million lira, of which 30 billion lira was sold. In the second auction, the government conducted a reissue of a four-year (1617-day) fixed coupon government bond with a semi-annual interest payment of 15%, resulting in a simple interest rate of 36.49% and a compound interest rate of 39.81%. With a nominal bid of 33 billion 643.8 million lira, the nominal sale was 15 billion 439.8 million lira, with a net sale of 13 billion 562.2 million lira. Again, no bids were received from the public sector, but market makers bid 21 billion 877 million lira, with 11 billion lira sold to them. Consequently, the Treasury borrowed a total of 102 billion 757.8 million lira through the two auctions.