Turkey Wealth Fund Purchases Debt Issued by State Lenders

Posted on 04/25/2019

The Turkey Wealth Fund acquired debt issued by five state-owned banks to enhance capital ratios by 3.3 billion EUR. President Recep Tayyip Erdogan’s administration is attempting to use the wealth fund to permit these banks to stimulate economic growth by offering cheaper loans. Bank Bond Amount in EUR Term Type Coupon Rate TC Ziraat Bankasi […]

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