Turkey: Treasury To Repay 33B Liras Debt By Feb. 2015

Turkey's Treasury plans to pay back 33.1 billion liras ($15 billion) of domestic debt, including 3.6 billion liras ($1.6 billion) of foreign debt between December and February, the Treasury said Friday.



According to figures released on the Treasury's official website, the domestic debt redemption projected for December 2014 till February 2015 is 29.5 billion liras ($13.2 billion), while domestic borrowing is 26.4 billion liras ($11.9 billion). The Treasury will not borrow money from foreign sources in the period.



The domestic debt redemption for the month of December will be 1.1 billion liras ($495 million), while domestic borrowing is expected to be 1.2 billion liras ($541 million).



In January 2015, domestic debt is projected at 12.3 billion liras ($5.5 billion), while domestic borrowing is projected to reach 10.8 billion liras ($4.8 billion).



In February 2015, domestic debt is anticipated at 16.1 billion liras ($7.2 billion) and domestic borrowing at 14.4 billion liras ($6.4 billion).



The Treasury will hold 13 bond auctions between December 2014 and February 2015 to generate income and reduce debt.



www.aa.com.tr/en - Ankara