Medium-sized private lender Sekerbank informed in a filing with the Bourse Istanbul (BIST) that it mandated its headquarters in order to issue up to TRY 500mn ( EUR 163mn ) worth bank bonds/bills with maturities up to five years, without providing any further details. In a separate filing with the BIST, the lender informed that it decided to lift its capital by TRY 125mn to TRY 1.125bn from the current TRY 1bn. Last month, the lender gave a mandate in order to issue up to EUR 150mn worth asset-backed securities with maturities up to three years under the scope of its asset-backed securities programme, without providing any further details. In May, Sekerbank applied to the Capital Markets Board (SPK) in order to issue up to TRY 500mn worth asset-backed securities without providing any further details. Earlier in December, the lender obtained a USD 37.9mn worth subordinated loan with a maturity of 10 years from the European Bank for Reconstruction and Development (EBRD). Sekerbank would use the loan facility to finance women entrepreneurs, agricultural sector and SMEs, the statement detailed.
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Keurig Adds Peet's coffee, Alters Starbucks deal
- Quiznos Files for Chapter 11
- Vybz Kartel Convicted of Murder
- U.S. Consumer Sentiment Falls in Early March
- SoCalGas Reaches Record Spend on Diversity Suppliers
- U.S. to Relinquish Gov't Control Over Internet
- Is Malaysian Airlines Flight 370 in Andaman Sea?
- Koch Brothers Step up Anti-Obamacare Campaign