ISTANBUL, March 22 (Reuters) - Turkish state lenders
Halkbank and Vakifbank said on Tuesday
that they will issue shares to raise their capital by 30 billion
lira ($1.58 billion) and 32 billion lira ($1.68 billion),
respectively.
The shares issued for the capital increase will be sold to
the Turkey Wealth Fund by way of private placement, without a
public offering, the banks said in a statement to the Istanbul
stock exchange.
($1 = 19.0306 liras)
(Reporting by Ceyda Caglayan; Editing by Christian
Schmollinger)
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