By Muhammed Ali Gurtas
ANKARA (AA) - Turkish Treasury will repay debts worth 66 billion Turkish liras (around $12.7 billion) in the February-April period, the Ministry of Treasury and Finance announced on Thursday.
Including 7.8 billion lira ($1.51 billion) interest payment, the Treasury will repay 25.3 billion Turkish liras ($4.89 billion) of external debts.
In the next three months, 40.7 billion liras ($7.88 billion) of domestic debt redemption is also projected -- 56 percent of this amount will be interest payment while the rest will be principal payment.
To borrow 34.3 billion Turkish liras ($6.63 billion) from domestic markets, the Treasury has projected to hold nine bond-auctions and a direct sale of lease certificate -- no planned external borrowing -- in the next three months, according to the ministry's borrowing strategy.