Average Maturity Change The Treasury and Finance Ministry announced on 26 February 2026 in Ankara that the average maturity of cash debt will be 65.1 months at the end of 2023 and 33.8 months at the beginning of 2026.
This decline indicates a reduction in the average maturity of domestic borrowing compared with previous years.
Debt Policy and Composition The ministry evaluates the maturity structure, interest composition, and risk profile of the debt stock as a whole, rather than individual issuances.
Decisions are taken in view of market conditions and investor demand.
5‑year fixed‑coupon bonds – 14.2% 10‑year fixed‑coupon bonds – 1.9% Variable‑rate bonds – 9% TLREF‑indexed bonds – 20.9% Gold‑type bonds – 5.5% The composition will be balanced in line with strategic criteria that consider currency, interest, refinancing, and liquidity risks.
Strategic Objectives The ministry emphasized that the debt policy will be implemented with a focus on budget financing, cost, maturity, debt‑service profile, market demand, and a healthy yield curve.
Treasury and Finance Ministry: Average Cash Debt Maturity 65.1 Months in 2023, 33.8 Months in 2026
The ministry announced that the average maturity of cash debt will fall from 65.1 months at the end of 2023 to 33.8 months at the start of 2026, reflecting a shift toward shorter‑term borrowing.
Sources
- DHA | Demirören Haber Ajansı · baglanti