Turkey’s Ziraat Bank says to issue asset-backed securities

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ISTANBUL (Reuters) – Turkey’s Ziraat Bank will issue up to $1.5 billion worth of asset-backed securities abroad and up to the equivalent of $1 billion domestically, the lender said.

In a filing to the Istanbul bourse late on Friday, Ziraat <TCZIR.UL> said UniCredit Bank AG would be the regulatory bank for the foreign issuing. The domestic issues will not be offered to the public.

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