By Gokhan Ergocun
ISTANBUL (AA) – The Turkish Treasury will repay debt of 51.4 billion Turkish liras ($8.9 billion) in July-September, the Treasury and Finance Ministry announced on Friday.
The Treasury will repay 11.3 billion Turkish liras ($1.95 billion) in external debt, including 7.2 billion liras ($1.24 billion) in interest payments.
A total of 40.1 billion liras ($6.93 billion) of domestic debt redemption is also projected, with around 55% of this in interest payments.
According to the ministry's borrowing strategy, the Treasury will borrow 36.5 billion Turkish liras ($6.3 billion) from domestic markets in the next three months.
The Treasury has projected to hold 14 bond auctions and a direct sale of lease certificates — with no planned external borrowing — in July-September.