Ankara (AA) - Turkey's Treasury is planning to repay TL 54.4 billion ($24.6 billion) of domestic debt, including TL 4.6 billion ($2.1 billion) of foreign debt, in the period of March to May 2014.The domestic debt redemption projected by the Treasury for March to May 2014, is TL 49.8 billion, while domestic borrowing is TL 44.1 billion

.Results from the Treasury's Domestic Borrowing Strategy for March to May 2014 were released Friday. The report showed that domestic debt redemption for March is projected at TL 19.2 billion, while domestic borrowing is expected at TL 16.9 billion.In April 2014, domestic debt is expected at TL 16.2 billion, while domestic borrowing is projected at TL 14.3 billion.

Finally, May figures show domestic debt at TL 14.4 billion, and domestic borrowing at TL 12.9 billion.Turkey's Treasury says it will hold six bond auctions in March 2014; the first auction will be held on March 3 to sell 5-year fixed bond coupons (semi-annually at a 4.40 percent coupon rate, re-open) to be issued from March 5.

The bonds will mature on Nov. 14, 2018.A second auction on the same day will see the Treasury sell a five-year CPI Index Bond (semi-annually at a 1.75 percent coupon rate, re-open) to be issued on March 5, to mature on Feb. 20, 2019.On March 4, two-year Fixed Bond Coupons (semi-annually, 5.35 percent coupon rate, re-open) will be available, to be issued on March 5 and will mature on Feb. 24, 2016.

Later that day, a seven-year floating rate note will be offered (semiannually, re-open) and issued on March 5, to mature on Nov. 11, 2020. There will also be a 10-year fixed coupon bond (semi-annually at a 4.40 percent coupon rate, re-open), to be available with an issue date of March 5, to mature on Sep. 27, 2023.The last auction, scheduled on March 18, will sell a 16-month zero coupon bond to be issued on March 18 and will mature on July 15, 2015.