ISTANBUL

Turkey’s Treasury will repay 68 billion Turkish liras ($11.8 billion) of debt in December-February, the Treasury and Finance Ministry announced on Friday. 

The Treasury will repay 7.8 billion Turkish liras ($1.36 billion) in external debts, of which 6 billion Turkish liras ($1.04 billion) will be interest payments. 

Over the next three months, 60.3 billion liras ($10.5 billion) of domestic debt redemption is also projected — around 32% of this amount will be interest — while the rest will be principal payments. 

According to the ministry’s borrowing strategy, the Treasury will borrow 61.6 billion Turkish liras ($10.7 billion) from domestic

Read more: Turkish Treasury to repay $11.8B debt in Dec-Feb