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Turkey's Garanti Bank sells 368.7 mln lira (136.5 mln euro) in bonds

Author Yurkie Ali
Turkey's Garanti Bank sells 368.7 mln lira (136.5 mln euro) in bonds

ISTANBUL (Turkey), January 12 (SeeNews) – Turkish lender Garanti Bank [BIST:GARAN] said on Monday it has sold 368.7 million Turkish lira ($161.3 million/136.5 million euro) in bonds with varying maturities through public offering.

The bank sold 366.5 million lira in 85-day bonds with a compound interest rates of 8.34403%, 1.9 million lira in 368-day discount bonds with compound interest rates of 8.38343%, and 271,899 lira in 728-day fixed-coupon bonds with a coupon rate of 2.08527%, it said in a bourse filing.

Garanti Bank is Turkey’s second largest privately-owned bank in terms of total assets.

(1 euro = 2.701 Turkish lira)

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