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30.06.2020 19:12 News >> Turkish Treasury To Repay $12.5B In July-Sept

Turkish Treasury To Repay $12.5B In July-Sept

Treasury to borrow $12.2B from domestic markets over next 3 months, says Treasury and Finance Ministry.

Turkey's Treasury will repay 85.5 billion Turkish liras ($12.5 billion) of debt in the July-September period, the Treasury and Finance Ministry announced on Tuesday.
Over the next three months, the Treasury will repay 11.1 billion Turkish liras ($1.6 billion) in external debt, of which 9.2 billion Turkish liras ($1.3 billion) will be interest payments.
For the next three months, 74.4 billion Turkish liras ($10.9 billion) of domestic debt redemption is also projected -- with around 24.3 billion Turkish liras ($3.5 billion) of this amount in interest payments, while the rest will be principal payment.
The Treasury will borrow 84 billion Turkish liras ($12.2 billion) from domestic markets over next 3 months, according to the ministry's borrowing strategy.
It is projected to hold 19 bond auctions and a direct sale of three lease certificates -- no planned external borrowing -- in the July-September period. -



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