Economy

Turkish Treasury to repay over $14.3B in Dec-Feb

Treasury to borrow $12.2B from domestic markets over next 3 months, says Treasury and Finance Ministry

Yunus Girgin   | 30.11.2020
Turkish Treasury to repay over $14.3B in Dec-Feb

ANKARA

Turkey's Treasury will repay 111.9 billion Turkish liras (some $14.3 billion) of debt in the period from December to February, the Treasury and Finance Ministry announced on Monday.

Over the next three months, the Treasury will repay 14.2 billion Turkish liras (some $1.82 billion) in external debt, of which 7.3 billion Turkish liras ($940 million) will be interest payments.

For the next three months, 97.6 billion Turkish liras ($12.5 billion) of domestic debt redemption is also projected – with around 30.3 billion Turkish liras ($3.88 billion) of this amount in interest payments, while the rest is principal payment.

According to the ministry's borrowing strategy, the Treasury will borrow 94.9 billion Turkish liras ($12.2 billion) from domestic markets in the next three months, while there will be 17.6 billion Turkish liras ($2.26 billion) of external borrowing just in December.

The Treasury has projected to hold 18 bond auctions and direct sale of lease certificates – with no planned external borrowing – from December to February.


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