Treasury Sells 1,652 Trillion Turkish Liras 91-day Bonds

ANKARA - Treasury sold 2 quadrillion 895.1 trillion Turkish liras (TL) of nominal-valued 91-day discounted reference bonds in an auction it conducted on Tuesday.
The total nominal-valued bids was 2 quadrillion 895,1 trillion TL but the net sale was 1 quadrillion 561 trillion TL.
The average composite interest rate was 25.42 percent and average simple interest rate was 23.30 percent.
Treasury sold those bonds as a reference to set coupon interest rates of notes with floating interest payment.
Value date of those 91-day bonds is February 11, 2004 and maturity is May 12, 2004 while the net issue will be 1 quadrillion 561 trillion TL.
Meanwhile, Treasury will repay 2 quadrillion 528 trillion TL domestic debt and make a 128 trillion TL payment on February 11 under repayment of sales to state institutions.
(MS-AÖ) 10.02.2004