Turkish Treasury Holds Two Auctions

ANKARA - Turkish Treasury held two auctions to sell 154-day and 350-day bonds, sources said on Tuesday.
Sources said that both 154-day and 350-day bonds would be issued on June 9, 2004.
The 154-day bonds will be repaid on November 10, 2004 and the 350-day bonds will be repaid on May 25, 2005.
In the first auction, the total bid had been 2 quadrillion 461.4 trillion Turkish liras (TL) while the Treasury sold 1 quadrillion 408 trillion TL of nominal-valued bonds. The net sale became 1 quadrillion 271.4 trillion TL.
The composite interest was 27.33 percent while the simple interest was 25.44 percent in this auction.
In the 350-day bond auction, the total bid had been 4 quadrillion 298.1 trillion TL.
The Treasury sold 1 quadrillion 759.1 trillion TL of nominal-valued bonds while the net sale became 1 quadrillion 386.8 trillion TL.
The composite interest was 28.05 percent and the simple interest became 27.92 percent.
(EÖ-AÖ) 08.06.2004