Turkey's Garanti plans up to $750 mln funding with max 22 years maturity

ISTANBUL, March 26 Wed Mar 26, 2014 3:53am EDT

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ISTANBUL, March 26 (Reuters) - Turkey's Garanti Bank plans to secure funding of up to $750 million with a maturity of up to 22 years, the bank said on Wednesday.

The statement to Istanbul stock exchange said the bank plans to perform treasury financing transactions consisting of a total return swap transaction and future flow transaction to secure the funding. (Reporting by Ece Toksabay)