Treasury Conducts Two Auctions

ANKARA - Treasury conducted two auctions on Tuesday to sell 210-day discounted bonds denominated in Turkish lira (TL) and 525-day discounted state bonds denominated in TL.
In the first auction, the net sale became 831.1 trillion TL while the total bid became 1 quadrillion 117 trillion TL.
The simple interest rate became 23.08 percent in 210-day bond auction.
Value date of 210-day bonds is April 28, 2004 and settlement is November 24, 2004.
In the second auction, the net sale became 2 quadrillion 33.3 trillion TL while the total bid was 3 quadrillion 415.7 trillion TL.
The simple interest rate was 24.91 percent.
Value date of 525-day state bonds is April 28, 2004 and settlement is October 5, 2005.
(UK-AY) 27.04.2004