Turkey's Vakifbank to issue bonds worth 1 bln lira
ISTANBUL Dec 27 (Reuters) - Turkish lender Vakifbank applied to Capital Markets Board and Istanbul Stock Exchange to issue bonds worth 1 billion lira ($557 million) of varying maturities, it said on Thursday.
The bond will consist of three tranches, and the first tranche will be worth 250 million lira with a maturity of 143 days, the bank said.
The second tranche will be worth 600 million lira with 168 days maturity, and the last tranche of 150 million lira will have a maturity of 364 days.
($1 = 1.7940 Turkish liras) (Writing by Ece Toksabay; editing by Jason Neely)
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