Turkey's Treasury to repay $8.9B debt in July-September

Treasury will borrow $6.3B from domestic markets over next 3 months, says Treasury and Finance Ministry

By Gokhan Ergocun

ISTANBUL (AA) - The Turkish Treasury will repay debt of 51.4 billion Turkish liras ($8.9 billion) in July-September, the Treasury and Finance Ministry announced on Friday.

The Treasury will repay 11.3 billion Turkish liras ($1.95 billion) in external debt, including 7.2 billion liras ($1.24 billion) in interest payments.

A total of 40.1 billion liras ($6.93 billion) of domestic debt redemption is also projected, with around 55% of this in interest payments.

According to the ministry's borrowing strategy, the Treasury will borrow 36.5 billion Turkish liras ($6.3 billion) from domestic markets in the next three months.

The Treasury has projected to hold 14 bond auctions and a direct sale of lease certificates -- with no planned external borrowing -- in July-September.

Kaynak:

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