Türkiye to Launch Direct Sale of Gold Bonds and Lease Certificates

The Turkish Treasury and Finance Ministry will initiate the direct sale of gold-backed financial instruments next week, aiming to offer safe-haven investment options to domestic investors amid market uncertainty.

According to the Ministry’s domestic borrowing schedule, on Tuesday, May 20, it will conduct the direct sale of gold bonds and gold-based lease certificates, both with a 1-year maturity (364 days) and semiannual payments.

Two Key Gold Instruments to Be Offered

1. Gold Bonds (Altın Tahvili)

   • Maturity: 364 days

   • Coupon payments every 6 months

   • Directly backed by physical gold reserves

2. Gold-Based Lease Certificates (Altına Dayalı Kira Sertifikası)

   • Maturity: 364 days

   • Rental returns paid every 6 months

   • Structured under Islamic finance principles, offering a non-interest alternative

Both instruments aim to attract savings into formal channels, diversify public borrowing, and strengthen domestic demand for lira-based assets amid efforts to stabilize inflation and improve financial stability.

These issuances come as the Turkish government continues to expand alternative borrowing tools, especially those linked to precious metals, which are seen as inflation-resistant and culturally trusted by many retail investors in Türkiye.