By Gokhan Ergocun
ISTANBUL (AA) - Turkey's Treasury will repay 68 billion Turkish liras ($11.8 billion) of debt in December-February, the Treasury and Finance Ministry announced on Friday.
The Treasury will repay 7.8 billion Turkish liras ($1.36 billion) in external debts, of which 6 billion Turkish liras ($1.04 billion) will be interest payments.
Over the next three months, 60.3 billion liras ($10.5 billion) of domestic debt redemption is also projected -- around 32% of this amount will be interest -- while the rest will be principal payments.
According to the ministry's borrowing strategy, the Treasury will borrow 61.6 billion Turkish liras ($10.7 billion) from domestic markets over the next three months.
The Treasury is projected to hold 19 bond auctions and a direct sale of lease certificates -- no planned external borrowing -- in December-February.