forbidden artsy: Turkish bonds, lira flat after debt auction; Turkcell up

ISTANBUL, March 12 (Reuters) - Turkish bond yields and lira

steadied on Tuesday after a debt auction that produced a yield

close to expectations.

In the stock market, Turkcell rose on the appointment of

independent board members.

By 1517 GMT, the lira was at 1.8025 to the dollar

, virtually unchanged from 1.8020 late on Monday.

Against its euro-dollar basket it weakened to

2.0770, from 2.0724.

Turkey's treasury issued a 15-month zero-coupon bond at an

average compound yield of 5.71 percent, close to a Reuters

forecast of 5.67 percent.

The yield on the two-year benchmark bond

closed at 5.81 percent, only one tick away from Monday's close

at 5.82 percent.

Istanbul's main share index closed up 0.27 percent

at 83,347.54 points, slightly outperforming a fall of 0.5

percent in the global emerging markets index.

Shares in Turkcell closed up 3.03 percent after

the state Capital Markets Board appointed three independent

board members. A long-running share dispute has prevented the

mobile phone company's board from meeting or distributing

dividends for two years.

(Writing by Seltem Iyigun; Editing by Ruth Pitchford)

forbidden artsy