Turkish Treasury sells 1.15 billion TL of net fixed coupon bonds

ANKARA (A.A) - August 1, 2011 - Turkish Treasury sold 1.15 billion Turkish liras- TL (685 million USD) of net TRY denominated fixed coupon bonds on Monday.
Treasury held an auction to sell 3-year (1,036-day) TRY denominated fixed coupon bonds (quarterly, 2 percent coupon rate), and the nominal bid was 2.071 billion TL (1.234 billion USD).
The nominal sale was 1.167 billion TL (695 million USD) and the net sale was 1.150 billion TL (685 million USD) in the auction. 
The composite interest was 9.40 percent, and the simple interest was 9.08 percent. 
The settlement date is August 3, 2011 and the maturity date is June 4, 2014. 
In its auction on June 7, the Treasury sold TRY denominated discounted G. bonds with a composite interest of 9.44 percent. The composite interest was 9.36 percent in Treasury's TRY denominated fixed coupon bond auction on July 18.
The total bid in July 18th auction was 2.485 billion TL (1.480 billion USD) and the net sale was 1.466 billion TL (873 million USD). The total sale was 2.594 billion TL (1.545 billion USD).
The settlement date was July 20, 2011 but the maturity date is June 6, 2014.
Turkey's Treasury will hold two more bond auction on Tuesday.