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28.10.2021 17:26 News >> Turkish Treasury To Repay $10.6B Debt In Next 3 Months

Turkish Treasury To Repay $10.6B Debt In Next 3 Months

Treasury to borrow $7.9B from domestic markets in November January, says Treasury and Finance Ministry.

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. -



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