Treasury Auctions 91-day Bonds

ANKARA - Treasury conducted an auction on Monday and sold 2,724.4 trillion Turkish liras (TL) nominal-valued 91-day discounted reference bonds.
The total nominal-valued bids had been 5,332.2 trillion TL and the net sale was 2,579 trillion TL.
The annual composite interest rate of these reference bonds is 24.52 percent and annual simple interest rate is 22.55 percent, while the minimum composite interest rate is 23.19 percent and maximum interest rate is 24.75 percent.
The value date of these bonds is August 11, 2004 and maturity is November 10, 2004.
(MS-ULG) 09.08.2004