Treasury Holds Auction To Sell 679-day State Notes

ANKARA - Treasury Undersecretariat held on Tuesday an auction to sell 679-day state notes denominated in U.S. dollars.
The composite interest rate became 4.49 percent and the simple interest was 4.44 percent.
The total bid had been 1 billion 198.3 million U.S. dollars while the Treasury sold 451.9 million U.S. dollars of nominal-valued state notes. The net sale became 459.4 million U.S. dollars.
The state notes will have a 2.5 percent coupon payment once in six months.
The maturity of the notes is October 19, 2005.
Meanwhile, Treasury will repay 237 trillion Turkish liras (TL) in domestic debt and 395.4 million U.S. dollars in foreign debt this week.
(BRC-AÖ) 09.12.2003