By Tuba Sahin
ANKARA (AA) - Turkish Treasury plans to pay 39.2 billion Turkish liras ($9.94 billion) of debt, including 6.7 billion liras ($1.7 billion) of external debt in the next three months, according to the Treasury on Thursday.
In a report, the Treasury projects a domestic debt redemption of 32.6 billion liras ($8.3 billion) while domestic borrowing amounts to 36 billion liras ($9.1 billion) from December 2017 and February 2018.
The Treasury said it would not borrow money from foreign sources during the same period.
"In December [2017], domestic debt redemption is projected as 2.6 billion liras ($660 million), while domestic borrowing is projected as 3 billion liras ($761 million)," it said.
In January next year, domestic debt is anticipated at 10 billion liras ($2.5 billion) and domestic borrowing at 11 billion liras ($2.8 billion).
"In February [2018], domestic debt redemption is projected as 20 billion liras ($5 billion), while domestic borrowing is projected as 22 billion liras ($5.6 billion)."
The Treasury will also hold 14 bond auctions and one direct sale between Dec. 12 and Feb. 20, 2018.