TURKEY CENTRAL BANK SELLS TRY2 BILLION IN REPO AUCTION

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TURKEY CENTRAL BANK SELLS TRY2 BILLION IN REPO AUCTION
27.07.2010 11:34

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- Turkey Central Bank Sells TRY2 Billion In Repo Auction

ISTANBUL (IHA) - -The Turkish central bank Tuesday boosted market liquidity by selling 2 billion Turkish lira ($1.32 billion) in a repurchase agreement auction.

Bids totaled TRY2.750 billion. The average simple interest rate was 7.00% and the average compound rate was 7.25%. The repo matures Aug. 3.

At the last repo, held Monday, the central bank sold TRY1 billion at an average simple interest rate of 7.00%.
(YC-YC-E-ENG)

27.07.2010 11:33:58 TSI
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