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Turkey's Ziraat Bank secures $700m loan

Istanbul, March 30, 2013

Turkish lender Ziraat Bank said on Friday it had secured a 1-year syndicated loan in two tranches, worth a total of $700 million.

The bank said the first tranche was worth $288.5 million and the second tranche was worth 322.5 million euros, with interest rates of Libor +1 percent and Euribor +1 percent respectively.-Reuters




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