Turkish Treasury to repay over $11.7B debt in March-May

ISTANBUL

Turkey's Treasury will repay 62.6 billion Turkish liras (around $11.75 billion) of debt in the March-May period, the Ministry of Treasury and Finance announced on Thursday.

The Treasury will repay 25.4 billion Turkish liras ($4.8 billion) of external debts, of which 7.8 billion lira ($1.5 billion) will be interest payment.

In the next three months, 37.1 billion liras (around $7 billion) of domestic debt was planned to repay by the Treasury -- 43 percent of this amount will also be interest payment.

Meanwhile, the Treasury has announced to hold 9 auctions in the three-month period for borrowing 36.1 billion Turkish liras ($6.77 billion) from domestic markets.

The Treasury has no plan for external borrowing for the next three months, according to the official announcement.

ISTANBUL

Turkey's Treasury will repay 62.6 billion Turkish liras (around $11.75 billion) of debt in the March-May period, the Ministry of Treasury and Finance announced on Thursday.

The Treasury will repay 25.4 billion Turkish liras ($4.8 billion) of external debts, of which 7.8 billion lira ($1.5 billion) will be interest payment.

In the next three months, 37.1 billion liras (around $7 billion) of domestic debt was planned to repay by the Treasury -- 43 percent of this amount will also be interest payment.

Meanwhile, the Treasury has announced to hold 9 auctions in the three-month period for borrowing 36.1 billion Turkish liras ($6.77 billion) from domestic markets.

The Treasury has no plan for external borrowing for the next three months, according to the official announcement.