ISTANBUL, May 5 (Reuters) - Turkey's Ziraat Bank said on
Friday it has borrowed $1 billion as part of the Diversified
Payments Rights (DPR) securitisation program.
Ziraat Bank said in a statement that the proceeds of the
issuance with five-year maturity will be used to finance trade.
The bank said the borrowing was advantageous compared with
alternative financing options but did not include information
about the cost of the borrowing.
(Reporting by Ebru Tuncay; Editing by Edmund Klamann)
Messaging: ezgi.erkoyun.thomsonreuters.com@reuters.net;))
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