Treasury Holds Two Auctions

ANKARA - Treasury Undersecretariat held on Monday two auctions to sell 91-day reference bonds and 357-day bonds.
In the 91-day reference bond auction, the total bid had been 2 quadrillion 261 trillion TL while the Treasury sold 1 quadrillion 723.6 trillion TL of nominal-valued bonds.
The net sale became 1 quadrillion 586 trillion TL. The composite interest rate was 39.49 percent while the simple interest rate was 34.71 percent.
The bonds will be repaid on September 17, 2003.
In the 357-day bond auction, the total bid had been 3 quadrillion 606 trillion TL while the Treasury sold 2 quadrillion 751.9 trillion TL of nominal-valued bonds.
The net sale became 1 quadrillion 856.8 trillion TL.
The composite interest rate was 49.35 percent and the simple interest rate was 49.15 percent.
The maturity of the bonds is June 9, 2004.
(BRC-AÖ) 16.06.2003