Turkey’s Ministry of Treasury and Finance has set out its domestic borrowing strategy for the coming three months, planning to borrow 912.4 billion lira against domestic debt service of 946.9 billion lira. The plan covers November, December and January 2027.
Monthly breakdown
In November the Treasury plans to borrow 123.4 billion lira while domestic debt service is 122.7 billion lira. December shows borrowing of 117.5 billion lira against 117.3 billion lira of debt service.
Borrowing is set at 671.5 billion lira, against 706.9 billion lira of domestic debt service.
How the borrowing will be raised
Of the November borrowing, 90.4 billion lira is to come from the market, 20 billion lira from direct sales and 13 billion lira from sales to the public. In December, 102.5 billion lira is to come from the market and 15 billion lira from sales to the public.
For January 2027 the Treasury plans 456.5 billion lira from the market, 165 billion lira from direct sales and 50 billion lira from sales to the public. The strategy envisages 13 bond auctions and four direct sales over the period.
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Debt service load
Total debt service for the three months comes to 1 trillion 80.3 billion lira. Of that, 133.5 billion lira is external debt payments. Payments fall at 164.5 billion lira in November, 137.8 billion lira in December and 778 billion lira in January 2027.
Related: Turkey plans 13 billion dollars of external financing in 2027
Source: Ministry of Treasury and Finance
