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Turkish Treasury to repay over $13B debt in April-June

Turkish Treasury to repay over $13B debt in April-June
Treasury will borrow $12.4B from domestic markets over next 3 months, says Treasury and Finance Ministry

By Aysu Bicer

ANKARA (AA) - Turkey's Treasury will repay debts worth 86.5 billion Turkish liras (some $13.1 billion) in the April-June period, the Treasury and Finance Ministry announced on Tuesday.

The Treasury will repay 35.1 billion Turkish liras ($5.3 billion) in external debts, including 6.8 billion Turkish liras ($1.03 billion) in interest payments.

For the next three months, 51.5 billion Turkish liras ($7.8 billion) of domestic debt redemption is also projected -- with around 23.9 billion Turkish liras ($3.6 billion) of this amount in interest payments, while the rest will be principal payment.

According to the ministry's borrowing strategy, the Treasury will borrow 82 billion Turkish liras ($12.4 billion) from domestic markets in the next three months.

The Treasury has projected to hold 23 bond auctions and direct sale of lease certificates -- no planned external borrowing -- in April-June.

source: News Feed
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