Treasury Sells Bonds In Two Auctions

ANKARA - Treasury conducted two auctions on Tuesday to sell 420-day bonds and 196-day bonds.
In the auction for 420-day bonds, composite interest rate became 23.94 percent. In the auction for 196-day bonds, composite interest rate was 25.90 percent.
In the first auction, the total nominal bid was 2 quadrillion 216.9 trillion Turkish liras (TL). The nominal sale was 1 quadrillion 644 trillion TL and the net sale was 1 quadrillion 283.4 trillion TL.
Value date of 420-day discounted bonds denominated in Turkish lira (TL) is January 28, 2004 and maturity is March 23, 2005.
In the auction for 196-day bonds, the total nominal bid was 1 quadrillion 846.3 trillion Turkish liras (TL). The nominal sale was 1 quadrillion 419.2 trillion TL and the net sale was 1 quadrillion 253.7 trillion TL.
Value date of 196-day bonds denominated in TL is January 28, 2004 and maturity is August 11, 2004.
(UK-AÖ) 27.01.2004