Treasury Auctions 91-day Reference Bonds

ANKARA - Treasury conducted an auction on Monday to sell 91-day bonds as reference to set coupon interest rates of state notes of which payment is made at floating interest rate.
Treasury sold 1 quadrillion 932.3 trillion Turkish liras nominal-valued 91-day reference bonds although the total bid had been 2 quadrillion 551.5 trillion TL. The net sale was 1 quadrillion 795 trillion TL.
The composite interest rate became 34.29, and simple interest rate became 30.60 percent.
Meanwhile, Treasury will conduct two separate auctions on Tuesday to sell 238-day and 406-day discounted state notes.
Treasury will repay 5 quadrillion 505 trillion TL in domestic debt this week.
(MS-AÖ) 11.08.2003