Vakif places €800m covereds, others seen
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Covered Bonds

Vakif places €800m covereds, others seen

Vakifbank Instanbul 230x150

Vakifbank has privately placed its third Turkish lira denominated covered bond to international investment banks. The deals, which provided competitive long-term funding and came in response to onerous swaps market regulation, are likely to be mimicked by Turkey’s other main lenders.

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