Turkish Treasury Auctions

ANKARA - Turkish Treasury sold 1,087 trillion Turkish liras (TL) of 455-day discounted state notes.
In the auction, the total bid had been 3,709 trillion TL and the composite interest rate was 26.21 percent. (One dollar equals 1.511.000 TL).
In the other auction, Treasury sold 897.4 million U.S. dollars of 364-day discounted state notes denominated in U.S. dollar.
The total bid had been 968.2 million U.S. dollars and the composite interest rate was 4.55 percent.
On the other hand, Turkey will repay 4.8 quadrillion Turkish liras (TL) in domestic debt this week.
(EÖ-ULG) 07.09.2004