Treasury Sells 196-day Discounted Bonds

ANKARA - Turkish Treasury sold 196-day discounted bonds denominated in Turkish lira (TL) in an auction on Monday.
Releasing a statement, Treasury Department said that total nominal-valued bids for 196-day discounted bonds had been 1.452 quadrillion Turkish liras (TL) while the net sale was 1.139 quadrillion TL. (One dollar equals 1.520.000 TL).
The simple interest rate is 25.42, while the composite rate is 26.90.
The maturity of these bonds is April 6, 2005.
(EÖ-ULG) 20.09.2004