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Garanti still on track for mortgage covered bonds despite soured market

By Joseph McDevitt
11 Jul 2013

Turkey’s Garanti Bank is still looking at the possibility of issuing mortgage backed covered bonds, although the market backdrop has soured since it started. The bank’s board has approved issuance of up to €1bn and a recent rise in spreads could help bring in new accounts, an official told EuroWeek.

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By Joseph McDevitt
11 Jul 2013