Bloomberg News

Vakifbank to Offer as Much as $2 Billion of Debt

July 21, 2012

Turkiye Vakiflar Bankasi TAO, a state-run bank, applied to Turkey’s market regulator to offer a maximum $2 billion of debt with a minimum two-year maturity.

Vakifbank’s bonds will be denominated in dollars, euros, Swiss francs and other currencies with “high liquidity” in international markets, the lender said in a statement to the Istanbul Stock Exchange after the market closed yesterday.

To contact the reporter on this story: Selcuk Gokoluk in Istanbul at sgokoluk@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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