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Turkish Treasury to repay $11.3B debt in March-May

Treasury to borrow $13.3B from domestic markets in next 3 months, says ministry

The Turkish Treasury will repay debt worth 156.2 billion Turkish liras ($11.3 billion) in the next three months, the Treasury and Finance Ministry announced on Monday.

The Treasury will repay 104.6 billion Turkish liras ($7.56 billion) in external debt, including 28.5 billion Turkish liras ($2 billion) in interest payments.

This March to May, some 51.5 billion Turkish liras ($3.7 billion) of domestic debt redemption is also projected – with 21.3 billion Turkish liras ($1.54 billion) of this amount in interest payments, and the rest in principal payment.

According to the ministry’s borrowing strategy, the Treasury will borrow 184 billion Turkish liras ($13.3 billion) from domestic markets in the next three months.

The Treasury projects to hold 22 bond auctions and direct sale of lease certificates – no planned external borrowing – in the three-month period.

Source
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