Turkish Treasury to repay over $17B debt in April-June

ANKARA

Turkey's Treasury will repay debts worth 141.1 billion Turkish liras (over $17 billion) in April-June.

It will repay 19.3 billion Turkish liras ($2.3 billion) in external debts with 8.2 billion liras ($1 billion) in interest payments, the Treasury and Finance Ministry announced Wednesday.

In the next three months, 121.9 billion Turkish liras (around $15 billion) of domestic debt redemption is also projected – with 22.8 billion liras ($2.8 billion) in interest payments and the rest in principal payment.

According to the ministry's borrowing strategy, the treasury will borrow 130.8 billion Turkish liras ($15.9 billion) from domestic markets between April and June.

It has projected to hold 23 bond auctions and a direct sale of lease certificates – no planned external borrowing – during this period.