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(ECO) TURKEY'S TREASURY TO HOLD THREE AUCTIONS NEXT WEEK.

ANKARA, Dec 4, 2010 (TUR) -- Turkey's Treasury will sell five-year, 20-month and seven-year bonds next week.

The Treasury will held a five-year (1,652-day) TRY denominated fixed coupon bond (semiannually, 5 percent coupon rate) auction on Monday. The settlement date will be December 8, 2010 and the maturity date will be June 17, 2015.

On Tuesday, the Treasury will sell 20-month (609-day) TRY denominated zero coupon bonds. The settlement date will be December 8, 2010 and the maturity will be August 8, 2012.

The Treasury will hold another auction on Tuesday to sell seven-year (2,513-day) TRY denominated floating coupon bonds (semiannually).

The settlement date will be December 8, 2010 and the maturity will be October 25, 2017.

In December, domestic debt redemption is projected as TRY 10 billion (6.8 billion USD), while domestic borrowing is projected as TRY 11.3 billion (7.6 billion USD).

(THROUGH ASIA PULSE)
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Publication:Anadolu (Eskisehir, Turkey)
Date:Dec 4, 2010
Words:150
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