Turkish private companies’ long-term external debt edges down to USD 151.5bn at end-Nov.

By bne IntelliNews January 17, 2014

Turkish private companies’ long-term external debt fell to USD 151.5bn at end-November from USD 151.9bn at end-October, data from the Central Bank showed on Friday. Long-term external debt of the private sector stood at USD 139.2bn at the end of 2012 and at USD 127.1bn at the end of 2011.

57.3% of the total USD 151.5bn long-term external debt consists of USD, 35.5% consists of EUR, the Central Bank detailed.

Financial firms’ long-term external debt edged up to USD 65.59bn from USD 65.51 with banks’ long-term external debt increasing to USD 51.6bn from USD 55.55bn. Non-financial firms’ long-term external debt fell to USD 85.9bn at end-Nov from USD 86.4bn with their loans decreasing by USD 463mn to USD 76.4bn and bond liabilities remaining almost unchanged at USD 3.35bn.

Private sector’s short-term external debt reached USD 42bn at end-November, increasing by USD 11bn since the end of 2012. Private companies’ short-term debt was USD 39.54bn at end-October. Banks’ short-term external debt rose to USD 34.9bn at end-November from USD 32.8bn at end-October and increasing by USD 7.4bn compared to end-2012. Non-financial firms’ short-term liabilities rose to USD 4.96bn from USD 4.5bn at end-October.

Based on a remaining maturity basis, the Central Bank calculates that the principal payments in the next 12 months will amount to USD 73.6bn (USD 42bn short-term and USD 31.6bn long-term).

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