Treasury Sells 91-day Reference Bonds

ANKARA - Treasury sold 2 quadrillion 452.6 trillion Turkish liras (TL) nominal-valued 91-day reference bonds in an auction on Monday.
The total bid had been 2 quadrillion 610.9 trillion TL and the net borrowing was 2 quadrillion 307 trillion TL.
Value date of these bonds is January 21, 2004 and settlement is April 21, 2004. Simple interest rate is 25.25 percent and composite interest rate is 27.74 percent.
(MS-AY) 19.01.2004