T-Bills/Government Bonds
T-Bills and Government Bonds are available as TL, FX and FX-indexed instruments. The chief difference is that T-Bills have maturities of less than one year while Government Bonds have maturities of more than one year. If you hold T-Bills and Government Bonds until maturity, payment of both principal and interest is guaranteed.
Features
- T-Bills and Government Bonds are medium and long-term government borrowing instruments.
- They are guaranteed by the government.
- They provide fixed returns and are liquid instruments.
- They may be bought between 09:30-16:00 and sold between 09:30-16:00.
- T-Bills are sold at a discount and the gains at maturity are known in advance.
- Government Bonds may be sold at a discount or have coupons. Coupon-bearing bonds may be issued at fixed or variable interest rates.
- A secondary market exists for them.
- The instruments may be traded before maturity at current market prices.
- T-Bills can be converted to cash at any time. They may be sold on the secondary market through the bank's branches before maturity.
- If you're interested in putting your savings to work in the medium or long term and be assured of reliable, fixed income, then trading in Government Bonds and T-Bills is for you.
- To trade in Government Bonds and T-Bills, all you need is a Current/Checking Account.
For more information;
You can visit the nearest Garanti branch, call 444 0 333 Alo Garanti or use Online Banking (Turkish Internet Branch - garanti.com.tr) to buy/sell and to have more information about T-Bills and Government Bonds.
Foreign nationals who are residing in Turkey shall submit their passport or residence permit and tax identification number to the bank in order to trade and invest in securities. Non resident individuals or legal entities, in addition to the documents mentioned above, shall also submit a notarized evidence issued by the official public institutions in their own country indicating that all their worldwide income is subject to taxation in the country where they reside.