ANKARA
Turkey’s Treasury is planning to pay back 54.4 billion lira (US$24.6 billion) of domestic debt, including 4.6 billion lira (US$2.1 billion) of foreign debt, for the period of March to May 2014.
The domestic debt redemption projected by the Treasury for March to May 2014, is 49.8 billion lira, while domestic borrowing is 44.1 billion lira.
Results from the Treasury's Domestic Borrowing Strategy for March to May 2014 were released Friday.
It showed that domestic debt redemption for March is projected as 19.2 billion Turkish lira, while domestic borrowing is expected at 16.9 billion lira.
In April 2014, domestic debt is expected at 16.2 billion lira, while domestic borrowing is projected at 14.3 billion lira.
Finally, May figures show domestic debt at 14.4 billion lira, and domestic borrowing at 12.9 billion lira.
Turkey’s Treasury says it will hold six bond auctions in March 2014; the first auction will be held on March 3 to sell 5-year fixed bond coupons (semi-annually at a 4.40 percent coupon rate, re-open) to be issued from March 5. The bonds will mature on November 14, 2018.
A second auction on the same day will see the Treasury sell a five-year CPI Index Bond (semi-annually at a 1.75 percent coupon rate, re-open) to be issued on March 5, to mature on February 20, 2019.
On March 4, two-year Fixed Bond Coupons (semi-annually, 5.35 percent coupon rate, re-open) will be available, to be issued on March 5 and will mature on February 24, 2016.
Later that day, a seven-year floating rate note will be offered (semi-annually, re-open) and issued on March 5, to mature on November 11, 2020. There will also be a 10-year fixed coupon bond (semi-annually at a 4.40 percent coupon rate, re-open), to be available with an issue date of March 5, to mature on September 27, 2023.
The last auction, scheduled on March 18, will sell a 16-month zero coupon bond to be issued on March 18 and will mature on July 15, 2015.
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