ANKARA - Turkish Treasury will hold three auctions to sell bonds and state notes this week, sources said on Sunday.
Sources stated that Treasury would hold 91-day Turkish lira (TL) reference bond auction on Monday. The bonds will be issued on June 16, 2004 and repaid on September 15, 2004.
Treasury will hold auction on June 15 to sell state notes denominated in Turkish lira (TL) with a coupon interest payment once in three months and 385-day discounted state notes.
State notes denominated in TL with a coupon interest payment will be issued on June 16 and repaid on June 14, 2006.
385-day discounted state notes will be issued on June 16 and repaid on June 6, 2005.
On June 8, Treasury held two auctions to sell 154-day and 350-day bonds.
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-BRC) 13.06.2004