The Undersecretariat of Treasury announced its domestic debt strategy for the August-October, 2014 period. Accordingly, despite the payment of TL 40.4 billion on domestic borrowing , it will incur a domestic debt of TL 29.5 billion.
A payment of TL 4.1 billion will be used to cover foreign debt and in total, the treasury will be paying TL 44.5 billion of the debt. While the treasury will incur a domestic TL 29.5 billion debt, no foreign debts will be incurred within the same period. In August, TL 12.3 billion domestic debt payment will be done, there will be a domestic borrowing of TL 9 billion and in September, for TL 13.1 billion domestic debt service, a domestic borrowing of TL 10 billion will be incurred and in October, for TL 15 billion domestic borrowing services, TL 10.5 billion will be borrowed domestically.
A portion of the total figure, amounting to TL 8.5 billion, in August will be borrowed from the domestic market while TL 500 million will come from public sales and in September, TL 6.8 billion of the total domestic borrowing will come from the domestic market with TL 3.2 billion from public sales.
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