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Turkey’s Ziraat Bank secures $1.24 billion loan at higher cost
Ziraat Bank, Turkey’s biggest state-run bank, secured a syndicated loan of $1.24 billion at higher costs following a currency crisis and the outbreak of the war in Ukraine. The bank borrowed the money in tranches of $352.5 million at 275 basis points, or 2.75 percentage points, above the secured overnight…
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