Turkish Treasury to repay $9.9B debt in next 3 months

By Tuba Sahin

ANKARA

Turkish Treasury plans to pay 39.2 billion Turkish liras ($9.94 billion) of debt, including 6.7 billion liras ($1.7 billion) of external debt in the next three months, according to the Treasury on Thursday.

In a report, the Treasury projects a domestic debt redemption of 32.6 billion liras ($8.3 billion) while domestic borrowing amounts to 36 billion liras ($9.1 billion) from December 2017 and February 2018.

The Treasury said it would not borrow money from foreign sources during the same period.

"In December [2017], domestic debt redemption is projected as 2.6 billion liras ($660 million), while domestic borrowing is projected as 3 billion liras ($761 million)," it said.

In January next year, domestic debt is anticipated at 10 billion liras ($2.5 billion) and domestic borrowing at 11 billion liras ($2.8 billion).

"In February [2018], domestic debt redemption is projected as 20 billion liras ($5 billion), while domestic borrowing is projected as 22 billion liras ($5.6 billion)."

The Treasury will also hold 14 bond auctions and one direct sale between Dec. 12 and Feb. 20, 2018.

By Tuba Sahin

ANKARA

The Treasury said it would not borrow money from foreign sources during the same period.

"In December [2017], domestic debt redemption is projected as 2.6 billion liras ($660 million), while domestic borrowing is projected as 3 billion liras ($761 million)," it said.

In January next year, domestic debt is anticipated at 10 billion liras ($2.5 billion) and domestic borrowing at 11 billion liras ($2.8 billion).

"In February [2018], domestic debt redemption is projected as 20 billion liras ($5 billion), while domestic borrowing is projected as 22 billion liras ($5.6 billion)."

The Treasury will also hold 14 bond auctions and one direct sale between Dec. 12 and Feb. 20, 2018.