Turkish government bond issuance, non-competitive placement arrangement

⑴ Before the tap issuance of the fixed-coupon bond maturing on September 13, 2028, the Turkish Ministry of Finance made a non-competitive sale of 15 billion lira to primary dealers. ⑵ The non-competitive bidding amount for this bond prior to the auction was 29.1096 billion lira, with 2.7 billion lira sold to state institutions. ⑶ Before the tap issuance of the fixed-coupon bond maturing on April 16, 2031, the Turkish Ministry of Finance made a non-competitive sale of 16 billion lira to primary dealers. ⑷ The non-competitive bidding amount for this bond prior to the auction was 31.182 billion lira, with 3.2 billion lira sold to state institutions. ⑸ All of the above operations are non-competitive placements by the Turkish Ministry of Finance before the respective bond tap issuances, involving two channels: primary dealers and state institutions.