Published: July 24, 2012
Turkish lender wants to raise US$2bn in two-year bonds.
Turkey’s VakifBank plans to raise up to US$2bn on the international debt markets.
In a statement issued to the Istanbul Stock Exchange, the bank said it had applied to regulators to issue eurobonds or subordinated debt in US dollars, euros, Swiss francs or other currencies.
The bonds will have a maturity of two years.