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NEWS FROM TURKEY » Anatolian Agency

(ECO) TURKEY'S TREASURY SELLS 623-DAY AND FIVE-YEAR BONDS
Tuesday, 03.02.2010, 04:10pm (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)
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News in Pictures

British and Spanish authorities tried to save a bulk carrier which hit rocks on Gibraltar's southern tip Friday as storms hammered the British colony, local officials said.

The Liberian-registered Fedra was dragging her anchor in a force 8 gale Friday afternoon. Despite the efforts of two tug boats to hold the ship clear of land, its anchor broke and the stern of the 35,000 tonne vessel smashed against rocks at Europa Point -- Europe's most southerly spot.

Local officials said they did not immediately know the condition of the ship or what it was carrying.

A Gibraltarian rescue helicopter hovered overhead, trying to rescue the 31 crew, as winds of around 70 miles an hour battered the British territory and the southern Spanish coast.

 
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