Turkish Treasury To Repay $12.5B In July-Sept

30.06.2020 19:12

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. -

In order to provide you with a better service, we position cookies on our site. Your personal data is collected and processed within the scope of KVKK and GDPR. For detailed information, you can review our Data Policy / Disclosure Text. By using our site, you agree to our use of cookies.', '