Turkey’s Halkbank sets 10 billion lira issue limit for domestic securities issuance

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ISTANBUL (Reuters) – Turkey’s Halkbank <HALKB.IS> has authorised its head office for the issue of up to 10 billion lira ($1.88 billion) of asset covered bonds, mortgage covered bonds, asset backed securities and mortgage backed securities, it said.

In a statement to the Istanbul stock exchange late on Monday, it said the securities with different types and maturities were to be sold domestically via public offering and/or private placement.

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