Turkish Treasury to repay $10.6B debt in next 3 months

ISTANBUL

The Turkish Treasury will repay debts worth 101 billion Turkish liras ($10.6 billion) in the next three months, the Treasury and Finance Ministry announced on Thursday.

The Treasury will repay 24.8 billion Turkish liras ($2.6 billion) in external debts, including 7.9 billion Turkish liras ($828.25 million) in interest payments.

From November 2021 to January 2022, some 76.4 billion Turkish liras ($8 billion) of domestic debt redemption is also projected -- with 25 billion Turkish liras ($2.6 billion) of this amount in interest payments, while the rest in principal payment.

According to the ministry's borrowing strategy, the Treasury will borrow 75.2 billion Turkish liras ($7.88 billion) from domestic markets in the next three months.

The Treasury projects to hold 19 bond auctions and direct sale of lease certificates – no planned external borrowing – in the three-month period.