What are Government Bonds? What are their features?
Government Bonds are debt instruments with maturities of 1 year or more, issued by the government to build up funds and to finance budget deficits.
- They have maturities of 1 year or more.
- They may have coupons or be sold at a discount. At maturity, payment is done according to the nominal value specified on the face of the bond.
- The ones with coupons pay interest quarterly, biannually or annually.
- They are issued by the T.C. Treasury and sold by the T.C. Central Bank.
- Sales are carried out through physical delivery or trust receipts.
- If interest rates fall, the unit price increases.
- A secondary market exists for them.
You may place your buy orders between the hours of 09:00 and 18:00 on the announced demand collection days, and until 12:00 on the last day.
While orders for only 1 or 2 sessions can be placed in the buy/sell step, you can place orders for a minimum of 3 sessions in the morning session, and a minimum of 2 sessions in the afternoon session, with a maximum of up to 40 sessions.