ANKARA - The Treasury conducted an auction on Tuesday to sell 378-day discounted bonds denominated in new Turkish lira (YTL).
In the auction, the composite interest rate was 14.07 percent and the simple interest rate 14.11 percent.
Treasury sold bonds with a nominal value of 1,597.9 million YTL while the net sale was 1,393.8 million YTL (one dollar equals 1.32 YTL).
Maturity of the bonds is May 16th, 2007.