Halkbank joins Turkish covered bond ranks
Türkiye Halk Bankasi (Halkbank), the Turkish state-owned lender, has confirmed that it plans to issue mortgage-backed covered bonds. It joins seven Turkish lenders that have rated covered bond programmes in place.
The Turkish bank said in a press release published on July 19 that its board of directors “has resolved to authorise the head office to issue mortgage-covered securities”.
Halkbank plans to sell the equivalent of up to $1.5bn of covered bonds, potentially in a range of currencies
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