Treasury Conducts Two Auctions

ANKARA - Treasury conducted two auctions on Tuesday to sell 203-day discounted bonds denominated in Turkish lira (TL) and 434-day discounted state notes denominated in TL.
In the first auction, the Treasury sold 1 quadrillion 258.5 trillion Turkish liras (TL) nominal-valued bonds while the total bid became 1 quadrillion 477.2 trillion TL. The net sale became 1 quadrillion 113.4 trillion TL.
The average interest rate was 23.37 percent and the composite interest rate became 24.57 percent in 203-day discounted bond auction.
Value date of 203-day discounted bonds is February 18, 2004 and settlement is September 8, 2004.
In the second auction, the Treasury sold 4 quadrillion 108.4 trillion Turkish liras (TL) nominal-valued bonds while the total bid became 4 quadrillion 896.2 trillion TL. The net sale became 3 quadrillion 204.3 trillion TL.
The simple interest rate was 23.66 percent while the composite interest rate was 23.18 percent.
Value date of 434-day discounted bonds is February 18, 2004 and settlement is April 27, 2005.
(UK-AÖ) 17.02.2004