11.02.2013 - Turkish banks may issue billions of lira worth of lira-denominated Eurobonds
Turkish banks, which doubled their foreign borrowing last year, may issue billions of lira worth of lira-denominated Eurobonds in months ahead after a debut issue from Akbank sparked huge interest from foreign investors. Turkey's third-largest private bank by assets last week issued the first lira Eurobond by a domestic borrower, raising 1 billion lira ($532 million) with a five-year maturity at 7.5 percent - the cheapest price ever paid by a Turkish bank on a lira bond at that tenor...............................................Full Article: Source
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