By Gokhan Ergocun
ISTANBUL (AA) - The Turkish Treasury will repay debts worth 108.1 billion Turkish liras (some $15.5 billion) in the August-October period, the Treasury and Finance Ministry announced on Thursday.
The Treasury will repay 12.5 billion Turkish liras ($1.79 billion) in external debts, including 10.1 billion Turkish liras ($1.45 million) in interest payments.
For the next three months, 95.6 billion Turkish liras ($13.7 billion) of domestic debt redemption is also projected -- with around 26.3 billion Turkish liras ($3.77 billion) of this amount in interest payments, while the rest principal payment.
According to the ministry's borrowing strategy, the Treasury will borrow 77.5 billion Turkish liras ($11.1 billion) from domestic markets in the next three months.
The Treasury has projected to hold 20 bond auctions and direct sale of lease certificates -- no planned external borrowing -- in August-October period.