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Turkey's Garanti Faktoring sells 119 mln lira (42 mln euro) in bonds

Dec 22, 2014, 11:33:16 AMArticle by Yurkie Ali
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ISTANBUL (Turkey), December 22 (SeeNews) – Turkish factoring company Garanti Faktoring Hizmetleri [BIST:GARFA] said it has sold 118.65 million Turkish lira ($51.16 million/41.72 million euro) in discount bonds due June 12, 2015.

Turkey's Garanti Faktoring sells 119 mln lira (42 mln euro) in bonds

The bonds were placed with qualified investors on December 17 and 18, the company said in a bourse filing on Friday without providing further details.

Garanti Faktoring is a subsidiary of local lender Garanti Bank, Turkey’s second largest privately-owned bank in terms of total assets.

(1 euro = 2.8443 Turkish lira)

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