Turkey Sells Try457m Of Seven-year Floatıng Rate Note
The Turkish treasury said Tuesday it sold 457 million Turkish lira ($305.7 million) of a seven-year floating rate note at an auction.
Nominal bids totaled TRY761 . 7 million in the auction , with a periodical average interest rate of 1 . 97% .
In the non-competitive fixed-price sales before the auctions , or ROT sales , the treasury sold TRY758 . 5 million of seven-year floating rate note to primary dealer banks , TRY300 million to public institutions .
Including the ROT sales , the treasury ' s borrowing totaled TRY1 . 5 billion Tuesday .
( SB-SB-ENG )