Turkısh Central Bank Buys Try86.8m Of November 2011 Bond
The Turkish Central Bank Wednesday bought 86.8 million Turkish lira ($56.23 million) of the Nov. 16, 2011, bond at an average compound interest rate of 8.99% at its domestic bond-buying auction.
Nominal sales were TRY100 million. Bids totaled TRY440 million.
The central bank has said it plans to buy TRY8 billion of domestic government debt by June 23.
The auctions, held every WednesdayFriday, have a maximum volume of TRY100 million each.
The bank plans to hold 50 auctionsbuy at most TRY5 billion in the first half of 2010, focusing on one-five-year bonds.