Turkish Treasury to repay over $7B-debt in Q4 of 2018

By Muhammed Ali Gurtas

ANKARA (AA) – Turkish Treasury will repay debts worth 43.2 billion Turkish liras (around $7.2 billion) in the last quarter of this year, the Ministry of Treasury and Finance announced on Friday.

The ministry noted that 35.4 percent of these payments would go to external creditors.

The Treasury will repay 15.3 billion Turkish liras ($2.54 billion) of external debts, including 4.7 billion liras ($780 million) interest payment.

During this period, nearly 27.8 billion liras ($4.6 billion) of domestic debt redemption is also projected — 32.4 percent of this amount will be interest payment while the rest will be principal payment.

According to the domestic borrowing strategy, the ministry has projected 29.3 billion liras (around $4.86 billion) of domestic borrowing from the market through auctions and there will be no planned external borrowing in the October-December period.

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