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Fortenova sells agri unit to Podravka for 333 mln euro
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Turkey's Yapi Kredi plans 50 mln lei (11 mln euro) bond issue

Dec 22, 2014, 5:21:04 PMArticle by Yurkie Ali
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ISTANBUL (Turkey), December 22 (SeeNews) – Turkish lender Yapi Kredi [BIST:YKBNK] said on Monday it has applied to Turkey’s capital markets regulator for a tranche issuance certificate to issue 50 million Romanian lei ($14 million/11 million euro) in bonds.

Turkey's Yapi Kredi plans 50 mln lei (11 mln euro) bond issue

The proposed bond issue is part of Yapi Kredi’s $5.0 billion medium term note (MTN) programme for bond issues in international markets, it said in a bourse filing.

Yapi Kredi is Turkey's fourth largest privately owned bank with assets of 182 billion lira as of September 30. Its majority holder, with an 81.8% stake, is Koc Financial Services, which is a 50-50 joint venture between Turkey's conglomerate Koc Group and Italy's UniCredit.

(1 euro = 4.4669 Romanian lei)

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