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Turkey’s wealth fund hires banks for first foreign loan
Turkey’s sovereign wealth fund (Varlık Fonu) hired Citigroup Inc. and Industrial Commercial Bank of China Ltd. to coordinate a 1 billion-euro ($1.14 billion) syndicated loan, people with knowledge of the matter told Bloomberg. The facility will have a two-year maturity with an option to extend for another year so that…
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Click here to read the full story: Hurriyet Daily News