Turkish Treasury Sells 91-day And 350-day Bonds

ANKARA - Turkish Treasury held two auctions on Tuesday to sell 91-day reference bonds and 350-day discounted Treasury bonds denominated in Turkish liras (TL).
In the 91-day auction, the Treasury sold 2.8 quadrillion TL of nominal-valued bonds while the total bid had been 3.6 quadrillion TL. The net sale became 1.9 quadrillion TL.
The simple interest rate was 23.04 percent while the composite interest rate was 25.11 percent.
In the other auction, the Treasury sold 1.3 quadrillion TL of nominal-valued bonds while the total bid had been 2.2 quadrillion. The net sale was 1.1 quadrillion TL.
The simple interest rate was 27.53 percent while the composite interest rate became 27.66 percent.
Both the 91-day reference bonds and 350-day discounted Treasury bonds will be issued on July 21st, 2004. The 91-day bonds will be repaid on October 20th, 2004 while the maturity of the 350-day bonds is July 6th, 2005.
Treasury will repay 5.6 quadrillion TL in domestic debt this week.
(BRC-AÖ) 20.07.2004