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Vakifbank to place up to 16B Turkish lira bonds
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TürkiyeVakiflar Bankasi TAO's board of directors authorized the headoffice to issue up to 16 billion Turkish lira in bonds with a maximum maturityof five years.
The bonds will be sold domestically by public offeringand/or private placements, to retail, corporate and/or qualified investors.
As of April 28, US$1was equivalent to 2.81 Turkish lira.