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Turkey's Tupras seeks regulatory nod for 1.0 bln lira (349 mln euro) bond issue

Dec 18, 2014, 11:46:02 AMArticle by Yurkie Ali
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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.

Turkey's Tupras seeks regulatory nod for 1.0 bln lira (349 mln euro) bond issue

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)

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