Treasury To Auction Bonds On Tuesday

ANKARA - Treasury will conduct two separate auctions on Tuesday to sell treasury bills denominated in Turkish lira (TL) with interest payment every three months and 427-day discounted treasury bills.
Value date of the treasury bills with interest payment every three months is January 21, 2004 and settlement is January 18, 2006. The first coupon payment will be made on April 21, 2004. Its interest rate will be set upon the period interest rate of 91-day reference bonds to be auctioned on January 19, 2004.
Value date of 427-day discounted state notes denominated in TL is January 21, 2004 and maturity is March 23, 2005.
Meanwhile, Treasury will repay 4 quadrillion 667 trillion TL in domestic borrowing this week.
(MS-AY) 19.01.2004