Treasury Sells 91-day Bonds

ANKARA - Treasury sold 1 quadrillion 777.6 trillion Turkish liras (TL) of 91-day discounted reference bonds in an auction it conducted on Monday.
The total bid had been 3 quadrillion 73.3 trillion TL and the net sale was 1 quadrillion 675 trillion TL.
Simple interest rate of these bonds is 24.49 percent and composite interest rate is 26.84 percent.
Meanwhile, Treasury will conduct two separate auctions on Tuesday to sell 196-day discounted treasury-bills and 511-day discounted state notes.
Value date of t-bills is May 12, 2004 and maturity is November 24, 2004 while value date of state notes is May 12, 2004 and settlement is October 5, 2005.
Meanwhile, Treasury will fulfil 3 quadrillion 26 trillion TL of domestic debt service this week.
(MS-AÖ) 10.05.2004