Hazine ve Maliye Bakanl\u0131\u011f\u0131’n\u0131n duyurusu \u015f\u00f6yle:<\/p>\n
Bakanl\u0131\u011f\u0131m\u0131z\u0131n bor\u00e7lanma politikas\u0131na ili\u015fkin son g\u00fcnlerde eksik bilgiden kaynakl\u0131 baz\u0131 yanl\u0131\u015f de\u011ferlendirmelerin yap\u0131ld\u0131\u011f\u0131 g\u00f6r\u00fclmektedir. Kamuoyunun do\u011fru bilgilendirilmesi amac\u0131yla a\u015fa\u011f\u0131daki teknik a\u00e7\u0131klaman\u0131n yap\u0131lmas\u0131 gerekli g\u00f6r\u00fclm\u00fc\u015ft\u00fcr.<\/em><\/b><\/p>\n Bakanl\u0131\u011f\u0131m\u0131z bor\u00e7lanma politikas\u0131, tekil ihra\u00e7lar veya sat\u0131\u015f y\u00f6ntemleri \u00fczerinden de\u011fil; bor\u00e7 stokunun vade yap\u0131s\u0131, faiz kompozisyonu ve risk profili birlikte de\u011ferlendirilerek, orta ve uzun vadeli stratejik \u00f6l\u00e7\u00fctler \u00e7er\u00e7evesinde y\u00fcr\u00fct\u00fclmektedir. Bu kapsamda bor\u00e7lanma kararlar\u0131, piyasa ko\u015fullar\u0131 ve yat\u0131r\u0131mc\u0131 talebi g\u00f6zetilerek, bor\u00e7 stokunun s\u00fcrd\u00fcr\u00fclebilirli\u011fi ve maliyet-risk dengesinin korunmas\u0131 amac\u0131yla al\u0131nmaktad\u0131r.<\/em><\/b><\/p>\n Di\u011fer taraftan bor\u00e7lanma politikas\u0131, b\u00fct\u00e7e finansman\u0131, maliyet, vade, bor\u00e7 servisi profili, piyasa talebi ve verim e\u011frisinin farkl\u0131 vadelerde sa\u011fl\u0131kl\u0131 olu\u015fmas\u0131 gibi bir\u00e7ok unsur g\u00f6zetilerek y\u00fcr\u00fct\u00fclmektedir. Son y\u0131llarda, gerek k\u00fcresel gerekse de yurt i\u00e7i finansman ko\u015fullar\u0131nda g\u00f6zlenen ge\u00e7ici dalgalanmalar\u0131n bor\u00e7 stoku \u00fczerindeki kal\u0131c\u0131 maliyet etkisini s\u0131n\u0131rland\u0131rmak amac\u0131yla i\u00e7 bor\u00e7lanman\u0131n ortalama vadesinde ge\u00e7mi\u015f y\u0131llara nazaran azal\u0131\u015f ger\u00e7ekle\u015fmi\u015ftir.<\/em><\/b><\/p>\n Nitekim nakit bor\u00e7lanman\u0131n ortalama vadesi 2023 y\u0131l\u0131 sonu itibar\u0131yla 65,1 ay iken, 2026 y\u0131l\u0131 Ocak ay\u0131 itibar\u0131yla 33,8 ay seviyesine inmi\u015ftir.<\/em><\/b><\/p>\n SENET PAYLARI<\/strong><\/p>\n Ayr\u0131ca i\u00e7 bor\u00e7lanman\u0131n kompozisyonuna bak\u0131ld\u0131\u011f\u0131nda;<\/p>\n 5 y\u0131ll\u0131k sabit kuponlu senedin bor\u00e7lanmadaki pay\u0131 2012-2024 d\u00f6neminde yakla\u015f\u0131k y\u00fczde 20,4 iken 2025 y\u0131l\u0131nda y\u00fczde 14,2, 10 y\u0131ll\u0131k sabit kuponlu senedin pay\u0131 2012-2024 d\u00f6neminde yakla\u015f\u0131k y\u00fczde 14,3 iken 2025 y\u0131l\u0131nda y\u00fczde 1,9, de\u011fi\u015fken (FRN ve T\u00dcFE) senetlerin pay\u0131 2012-2024 d\u00f6neminde yakla\u015f\u0131k y\u00fczde 22,4 iken 2025 y\u0131l\u0131nda y\u00fczde 9, TLREF’e endeksli senetlerin pay\u0131 2020-2024 d\u00f6neminde yakla\u015f\u0131k y\u00fczde 10,8 iken 2025 y\u0131l\u0131nda y\u00fczde 20,9,\u00a0alt\u0131n cinsi senetlerin pay\u0131 2017-2024 d\u00f6neminde yakla\u015f\u0131k y\u00fczde 7,1 iken 2025 y\u0131l\u0131nda y\u00fczde 5,5, d\u00f6viz cinsi senetlerin pay\u0131 2018-2024 d\u00f6neminde yakla\u015f\u0131k y\u00fczde 11,8 iken 2025 y\u0131l\u0131nda y\u00fczde 14,5 olarak ger\u00e7ekle\u015ftirilmi\u015ftir.<\/p>\n BOR\u00c7LANMA KOMPOZ\u0130SYONU<\/strong><\/p>\n Bor\u00e7lanma kompozisyonu, ge\u00e7ti\u011fimiz y\u0131llarda oldu\u011fu gibi kur, faiz, refinansman ve likidite risklerini g\u00f6zeten stratejik \u00f6l\u00e7\u00fctler do\u011frultusunda dengeli \u015fekilde olu\u015fturulmaya devam edilecektir. Kamuoyuna sayg\u0131yla duyurulur.<\/p>\n TLREF, alt\u0131n ve d\u00f6viz cinsi senetlerin ihra\u00e7 ba\u015flang\u0131\u00e7lar\u0131 farkl\u0131 y\u0131llar oldu\u011fu i\u00e7in d\u00f6nem aral\u0131\u011f\u0131 farkl\u0131la\u015fmaktad\u0131r.<\/p>\n AYRINTILAR GEL\u0130YOR<\/p>\n Hazine ve Maliye Bakanl\u0131\u011f\u0131’n\u0131n duyurusu \u015f\u00f6yle: Bakanl\u0131\u011f\u0131m\u0131z\u0131n bor\u00e7lanma politikas\u0131na ili\u015fkin son g\u00fcnlerde eksik bilgiden kaynakl\u0131 baz\u0131 yanl\u0131\u015f de\u011ferlendirmelerin yap\u0131ld\u0131\u011f\u0131 g\u00f6r\u00fclmektedir. Kamuoyunun do\u011fru bilgilendirilmesi amac\u0131yla a\u015fa\u011f\u0131daki teknik …<\/p>\n","protected":false},"author":1,"featured_media":67937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[7649,6716,3532],"class_list":["post-67936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-borclanma","tag-senet","tag-vade"],"_links":{"self":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/67936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/comments?post=67936"}],"version-history":[{"count":1,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/67936\/revisions"}],"predecessor-version":[{"id":67938,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/67936\/revisions\/67938"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/media\/67937"}],"wp:attachment":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/media?parent=67936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/categories?post=67936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/tags?post=67936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}