Turkey's Isbank plans to issue 1.1 bln lira (390 mln euro) in bonds

The bank intends to offer 300 million lira in 75-day bonds, 700 million lira in 241-day bonds, 100 million lira in 383-day bonds and to raise the total offered size to 1.6 billion lira in case of an excess demand, it said in a bourse filing.

Isbank has applied for regulatory approval for the proposed issuance.

Isbank is Turkey’s largest private bank with total assets of 231 billion lira as of September 30.

(1 euro = 2.8225 Turkish lira)