TURKEY CENTRAL BANK SELLS TRY910 MILLION IN REPO AUCTION

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TURKEY CENTRAL BANK SELLS TRY910 MILLION IN REPO AUCTION
22.07.2010 11:33

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İSTANBUL (İHA) - The Turkish central bank Thursday boosted market liquidity by selling 910 million Turkish lira ($596.2 million) in a repurchase agreement auction.

Bids also totaled TRY910 million. The average simple interest rate was 7.00% and the average compound rate was 7.25%. The repo matures July 29.

At the last repo, held Wednesday, the central bank sold TRY3 billion at an average simple interest rate of 7.00%.
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22.07.2010 11:33:40 TSI
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