Treasury Sells 1.47 Quadrillion Liras In 287-day Discounted Bond Auction

ANKARA - Treasury Undersecretariat sold 1.47 quadrillion liras in 287-day discounted bond auction on Tuesday.
The total bid in the auction had been 2 quadrillion 564 trillion Turkish liras (TL) while Treasury sold 2 quadrillion 70.8 trillion TL on nominal basis.
The net sale in the auction was 1 quadrillion 47 trillion TL.
The simple interest rate became 54.40 percent and the composite interest rate became 51.80 percent. The value date of 287-day discounted bonds is May 7, 2003 and maturity is February 18, 2004.
The total bid in the 385-day discounted debenture bond was 5 quadrillion 68.8 trillion liras and the net sale in the auction was 2 quadrillion 433 trillion liras. The composite interest rate in the auction was 53.59 percent.
The value date of 385-day discounted debenture bonds is May 7, 2003 and maturity is May 26, 2004.
(ÖS-AÖ) 06.05.2003