ISTANBUL (Turkey), December 18 (SeeNews) – Turkish oil refiner Tupras [BIST:TUPRS] said on Thursday it has applied for regulatory approval to issue up to 1.0 billion Turkish lira ($430 million/349 million euro) in bonds to qualified investors in the domestic market.
The bonds will be issued with different maturities of up to five years, Tupras said in a bourse filing.
On Monday, the company inaugurated a $3.0 billion fuel oil conversion facility at its refinery in the northwestern Turkish city of Izmit.
(1 euro = 2.8688 Turkish lira)