Turkey's Treasury to repay $8.65B debt in June-August

ISTANBUL-Anadolu Agency

The Turkish Treasury will repay debt of 50.5 billion Turkish liras ($8.65 billion) in June-August, the Treasury and Finance Ministry announced on May 31.

The Treasury will repay 9.1 billion Turkish liras ($1.56 billion) in external debt, including 4.8 billion lira ($822.2 million) in interest payments.

A total of 41.3 billion liras ($7.1 billion) of domestic debt redemption is also projected, with around 42% of this in interest payments.

According to the ministry's borrowing strategy, the Treasury will borrow 39.5 billion Turkish liras ($6.77 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 -- no planned external borrowing -- in June-August.