Treasury to conduct two auctions next week

ANKARA (AA) – On Monday, Treasury will sell 91-day discounted reference bonds. The value date of these bonds is March 17, 2004 and maturity is June 16, 2004.

The net borrowing in the auction will be 1 quadrillion 332 trillion Turkish liras (TL).

On Tuesday, Treasury will conduct another auction to sell state bonds with floating interest rate payments once in every three months.

The value date of these bonds is March 17, 2004 and maturity is March 15, 2006.

The net borrowing in the auction will be 1 quadrillion 332 trillion Turkish liras (TL).

The first coupon payment will be made on June 16, 2004.