Anyone who has a bank account and wants to invest is curious about the new investment tool, Income Indexed Securities (GES). GES requests have started to be collected since yesterday and the application collection process will continue until June 22nd. In the new application, thanks to the minimum return guarantee to be applied for coupons to be paid quarterly, citizens will be prevented from being adversely affected by changes in their share of income.
3 BANKS ACCEPTING APPLICATIONS
SPP applications are collected through Ziraat Bank, Halkbank and Vakıfbank. The expiry date of the bill will be 182 days. The value is set to June 24. The redemption date is December 23, 2022. Periodic returns of 5% and annual returns of 23% are expected. The first coupon payment will be made on 23 September 2022.
HALKBANK HAS SENT AN SMS TO ITS CUSTOMERS
Halkbank informed its customers about the GES via SMS. In the SMS sent, “The Income-Indexed Bill is at Halkbank! You can make a request between June 15-22, 2022 to purchase National Revenue-Indexed Government Debt Securities to be obtained from state economic enterprises. Detailed information and collection of inquiries : In Halkbank Mobile, our Internet subsidiary and Halkbank branches.! ” it has been said.
HOW MUCH DOES JESUS SAVE
In the new application, thanks to the minimum return guarantee to be applied for coupons to be paid quarterly, citizens will be prevented from being adversely affected by changes in their share of income.
HOW WILL JESUS BE CALCULATED?
In this framework, an index of income shares will be created and the final rate of return to be paid to the investor will be calculated by multiplying the rate of return determined by the Ministry during the issue by the value of the index to be calculated within the framework of the achievements of the revenue share.
Here’s everything you ask GES …
Question 1: Which institution’s income will be indexed to income-indexed securities?
The revenues of the SPPs will be indexed to the revenue shares transferred to the budget by the State Airport Operators (DHMI) and the Directorate General for Coastal Safety (KEGM), which are among the state-owned enterprises.
– Question 2: Will there be a minimum income to be paid and, if so, how will this rate be determined?
During the issue phase, the Ministry will determine a rate of return as the basis for each coupon payment.
In the coupon payments, following the realization of the estimated revenue data relating to the share of revenue announced for the years covering the year of issue and the expiry period of the bill, in the Budget Law of the year and to the share of the total revenue the amounts obtained in the last 3 months communicated starting from the month preceding the payment of the coupon, the Ministry, The rate of return determined by the company being issued will be revalued using the method of indexing.
In this framework, an index of income shares will be created and the final rate of return to be paid to the investor will be calculated by multiplying the rate of return determined by the Ministry during the issue by the value of the index to be calculated within the framework of the achievements of the revenue share.
Although the relevant index value may be between a minimum of 95 and a maximum of 110 and corresponding to a minimum of 95% of the announced coupon rate, investors are provided with a guarantee of return of up to a maximum of 110% of the rate coupon announced in the event that the realizations of the share of the revenues exceed the expected amount.
In the issue to be made this month, the periodic yield determined by the Treasury will be 5.32 percent and the annual compound will be 23.04 percent. Against this backdrop, the maximum annual compound rate of return will reach 25.54 percent based on income accomplishments.
– Question 3: How will the ad and request collection processes be performed?
The documents including the call for tender, the accounting process and the characteristics relating to the securities will be shared with the public on the website of the Ministry of the Treasury and Finance.
The issuance of the aforementioned bills will in any case be carried out through the public offer method and the demand collection process will be determined by the intermediary banks.
– Question 4: What steps will citizens who want to benefit from the product take?
In this regard, the intermediary banks will inform citizens in detail (on the opening of related accounts, on the transfer of securities, on their maintenance, etc.).
On the other hand, citizens will be able to easily purchase this product by turning to intermediary banks, as was the case in the past for public offers.
– Question 5: How will the maturity and yield to maturity of the product be calculated?
The expiry of the bill is determined in 6 months. In the subsequent stages, it is expected that the issue will be carried out in 1 year and / or other deadlines.
– Question 6: Through which banks will the product be delivered?
First, the collection of the application will be done through Ziraat Bank, Halk Bank and Vakıflar Bank.
– Question 7: How will citizens be prevented from being adversely affected by changes in their share of income?
The final rate of return on the bill of exchange will be obtained by multiplying the rate of return determined by the Ministry of the Treasury and Finance by the value of the index to be calculated as part of the revenue sharing realizations.
The value of the relevant index can be as low as 95 and as high as 110. In this context, while the investor is offered a guarantee of return of at least 95% of the announced coupon rate, the investor will be able to obtain a higher return if the realizations of the share of the revenues are higher than the expected amount.
– Question 8: Will only real people or companies be included in the system?
Such securities will only be issued to real people.
– Question 9: Will those who use the protected currency deposit account or the different products described also use it?
Citizens who use the aforementioned account and / or products may also purchase these bills.
– Question 10: Will only those who change their foreign currency accounts be included in the system?
All individual investors can be included in these issues.
Leave a Comment