T.R. PRIME MINISTRY UNDERSECRETARIAT OF TREASURY
MAY 25 , 2009
TH
ANNOUNCEMENT ON COUPON RATE
As it was announced on 21 November 2008; the coupon payments of TL denominated Government Bond (FRN), (ISIN code of TRT201113T16), which have quarterly floating coupons (maturity date: 20 November 2013) are indexed to average compound rate of the discounted TL denominated Government Bond auctions. The calculation of the coupon payments of this FRN is based on the weighted average compound rate of the discounted TL denominated Government Bond auctions, which are conducted in the last three months (91 days) before the beginning of the each coupon period. In that regard, below given auctions are taken into account in the calculation of the coupon rate to be paid on 26.08.2009.
(TS) (CY) AUCTION NET SALES AMOUNT (INCLUDING PD NON-COM. ANNUAL AVERAGE SALES) (TL COMPOUND YIELD Thousand) (%) 616.000 2.434.340 2.552.852 4.321.099 4.166.603 13,10 14,54 13,35 11,42 11,72
AUCTION DATE 09.03.2009 10.03.2009 07.04.2009 04.05.2009 05.05.2009
VALUE (ISSUE) DATE 11.03.2009 11.03.2009 08.04.2009 06.05.2009 06.05.2009
SECURITY TYPE 6 MONTH T. BILL (182 day) 12 MONTH T. BILL (357 day) 22 MONTH G. BOND (665 day) 12 MONTH G. BOND (364 day) 21 MONTH G. BOND (637 day)
The Treasury will pay a spread of 50 basis points quarterly for the FRN. So, the coupon rate (3,48% in total) will be sum of the spread determined by the Treasury (0,50%) and the weighted average rate calculated based on above auctions (2,98%).
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