Turkish Treasury to repay $12.7B debt in February-April

By Muhammed Ali Gurtas </p> <p>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.</p> <p>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.</p> <p>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.</p> <p>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.</p> <p>