Treasury Sells 539-day Discounted Debenture Bonds

ANKARA - Treasury sold 2 quadrillion 907 trillion Turkish liras (TL) of nominal-valued 539-day discounted debenture bonds denominated in TL in an auction on Monday.
The total nominal-valued bids were 4 quadrillion 274 trillion TL and the net sale was 2 quadrillion 103.9 trillion TL.
The composite interest rate was 24.40 percent and simple interest rate was 25.78 percent.
Value date of these debenture bonds is March 3, 2004 and maturity is August 24, 2005.
Treasury will repay 8.2 quadrillion Turkish liras in domestic debt and 5 million U.S. dollars in foreign debt this week.
(MS-AÖ) 01.03.2004