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Treasury bonds in Tera funds put up for sale

Photo: Haber7

Latest in the series Erdin Ozel and Emir Munir Sarpyener arrested in fund probe

Treasury bonds in Tera Portföy funds are being put up for sale under the liquidation decision of the Capital Markets Board (SPK).

Türkiye's central bank (TCMB) and Turkish public banks are aimed to buy the papers so the sales do not affect benchmark bond yields. According to Ekonomim's calculations, 5 of the 12 funds hold government paper.

Treasury bonds in Tera funds put up for sale

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Source spectrum State State Conservative Conservative Independent Indep. Opposition Opp. Foreign Foreign
Haber72nd to publish the story1 Oct, 22:47 Tera fonlarında 23,5 milyar TL'lik satış için düğmeye basıldı EkonomimFirst to publish the story1 Oct, 00:00 Tera fonları portföyünün yüzde 5'i satışa çıkarılıyor

Fund Investigation News Series

Where it began Tera Portföy declares default in two funds, payment periods extended in six funds

  1. Erdin Ozel and Emir Munir Sarpyener arrested in fund probe Tera Portfolio Board Chairman Erdin Ozel and Tera Investment CEO Emir Munir Sarpyener were arrested in the fund investigation. The number of arrested suspects in the probe rose to 58.
  2. Treasury bonds in Tera funds put up for sale Treasury bonds in Tera Portföy funds are being put up for sale under the liquidation decision of the Capital Markets Board (SPK).
  3. Şimşek: troubled portfolio managers and funds quarantined Turkish Treasury and Finance Minister Mehmet Şimşek said troubled portfolio management companies and related funds had been quarantined, and a liquidation and resolution process had begun.
  4. Turkish savings fund exercises rights over 99.99% stake in bank The Savings Deposit Insurance Fund (TMSF) decided to exercise shareholder rights, excluding dividends, attached to Destek Finans Faktoring's 99.99% stake in Destek Yatırım Bankası. The company's board members and general manager were dismissed.
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