ISTANBUL, April 1 (Reuters) - Turkey is expected to sell two billion lira ($1.11 billion) in a tap of a seven-year floating rate note on Monday at an average price of 97.675 lira, a Reuters survey of six banks showed.
Price expectations for the seven-year floating rate note, maturing on March 11, 2020, were between 97.250-98.350 lira.
Sales to the market were seen between 1.5 billion lira and 2.5 billion lira.
The treasury sold 884.3 million lira of the bond to primary dealers and 687 million lira to public institutions through non-competitive tenders before the auction.
Turkey's Treasury said on Friday it planned to borrow 14 billion lira from domestic markets in April against domestic debt redemptions of 15.6 billion lira. ($1 = 1.8090 Turkish liras)
(Reporting by Nevzat Devranoglu, Writing by Seda Sezer) Keywords: TURKEY AUCTION/SURVEY
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