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Turkey's Halkbank plans to issue 4.0 bln lira (1.5 bln euro) in debt

Author Yurkie Ali
Turkey's Halkbank plans to issue 4.0 bln lira (1.5 bln euro) in debt

ISTANBUL (Turkey), January 14 (SeeNews) – Turkish state-controlled bank Halkbank [BIST:HALKB] said it has decided to issue up to 4.0 billion Turkish lira ($1.7 billion/1.5 billion euro) in borrowing instruments on the domestic market.

The bank will issue the debt with different types and maturities of up to five years in one or more tranches, it said in a bourse filing on Tuesday.

Halkbank will apply for the necessary regulatory approvals of the planned debt issue.

(1 euro = 2.7113 Turkish lira)

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