Turkey Ministry of Treasury announces domestic borrowing plan

The Ministry of Treasury and Finance has detailed its domestic borrowing strategy for the November to January period. The Ministry plans to undertake 912.4 billion lira in domestic borrowing to meet a total domestic debt service of 946.9 billion lira.

In November, the Treasury aims to borrow 123.4 billion lira against a debt service of 122.7 billion lira. This includes 90.4 billion lira from the market, 20 billion lira from direct sales, and 13 billion lira from sales to the public. December targets include 117.5 billion lira in borrowing against 117.3 billion lira in debt service, with 102.5 billion lira coming from the market and 15 billion lira from public sales.

For January, the Ministry anticipates 671.5 billion lira in borrowing against a 706.9 billion lira debt service. This January figure is expected to consist of 456.5 billion lira from the market, 165 billion lira from direct sales, and 50 billion lira from public sales. Over the three-month period, the Ministry expects to conduct 13 bond auctions and 4 direct sales. Of the total 1.003 trillion lira debt service projected for the period, 133.5 billion lira will consist of external debt payments.