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Tuesday, November 13, 2012

Ottoman-Era Bank Taps Foreign Cash After 23 Years: Turkey Credit - Bloomberg

Ottoman-Era Bank Taps Foreign Cash After 23 Years: Turkey Credit
By Sibel Akbay - Nov 13, 2012 4:48 AM ET

TC Ziraat Bankasi AS, the bank founded in 1863 during the Ottoman Empire, plans to sell Eurobonds for the first time in 23 years to finance lending at cheaper rates than the cost of deposits.

More:Ottoman-Era Bank Taps Foreign Cash After 23 Years: Turkey Credit - Bloomberg