ISSUANCE OF GOLD BONDS AND GOLD-BASED LEASE CERTIFICATES FROM THE MINISTRY OF TREASURY AND FINANCE

The Ministry of Treasury and Finance of the Republic of Turkey will issue gold bonds and gold-backed lease certificates with a value date of 9 July 2021, with a 7-year maturity, for institutional investors, especially pension and investment funds.
 
Gold bonds and gold-based lease certificates will be issued in exchange for LBMA certified gold with a minimum purity of 995/1000 (including 995/1000 purity) and a minimum weight of 1 kilogram, which conforms to the qualifications determined by Borsa Istanbul within the scope of the Communiqué on Precious Metals Standards and Refineries.
 
The 6-month periodic coupon rate for gold bonds is 1.15 percent, and the 6-month periodic coupon rate for gold-based sukuk is 1.15 percent.