(ECO) TURKEY'S TREASURY SELLS 623-DAY AND FIVE-YEAR BONDS Tuesday, 02.Mar.2010, 16:10 (GMT+2) ANKARA (A.A) - Turkey's Treasury held two auctions on March 2on the eve of the biggest domestic debt redemption in March.In the first auction for 623 day zero-coupon Turkish lira (TL) denominatedgovernment bonds, the Treasury sold 1 billion 531 million TL nominal-valued bondswhile the net sale was 1 billion 322.3 million TL.The simple interest rate was 9.24 percent while the composite interest ratewas 8.95 percent.Settlement date of the bonds is March 3, 2010 and maturity date is November16, 2011.In the second auction for TL denominated CPI indexed government bonds with afive year maturity and semi-annual coupons, the Treasury sold 1 billion 458.1million TL nominal-valued bonds while the net sale was 1 billion 521.9 millionTL.The real simple interest rate was 3.65 percent and the real compositeinterest rate was 3.69 percent in the auction.The settlement date of the bonds is March 3, 2010 and maturity date isFebruary 11, 2015.The Treasury will repay 10.6 billion TL on March 3 as part of its domesticdebt redemption program.(UK-CE)
ANKARA (A.A) - Turkey's Treasury held two auctions on March 2on the eve of the biggest domestic debt redemption in March.In the first auction for 623 day zero-coupon Turkish lira (TL) denominatedgovernment bonds, the Treasury sold 1 billion 531 million TL nominal-valued bondswhile the net sale was 1 billion 322.3 million TL.The simple interest rate was 9.24 percent while the composite interest ratewas 8.95 percent.Settlement date of the bonds is March 3, 2010 and maturity date is November16, 2011.In the second auction for TL denominated CPI indexed government bonds with afive year maturity and semi-annual coupons, the Treasury sold 1 billion 458.1million TL nominal-valued bonds while the net sale was 1 billion 521.9 millionTL.The real simple interest rate was 3.65 percent and the real compositeinterest rate was 3.69 percent in the auction.The settlement date of the bonds is March 3, 2010 and maturity date isFebruary 11, 2015.The Treasury will repay 10.6 billion TL on March 3 as part of its domesticdebt redemption program.(UK-CE)
Germany's defense minister says the commander of the troubled navy training ship has been relieved of his duties and the vessel ordered to return amid questions surrounding the death of a sailor on board late last year. Defense Minister Karl-Theodor zu Guttenberg said the Gorch Fock would remain in port pending the results of an investigation into the death of the 25-year-old sailor who plunged from the ship's rigging in November. Guttenberg told ARD public broadcaster on Saturday Jan. 22, 2011 the ship would not be used for training pending the outcome of an investigation. Guttenberg consistently polls as one of the nation's most popular politicians, but has come under pressure in recent weeks over a series of issues in the military, including the death on the Gorch Fock.
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