February 22, 2017 / 1:39 PM / 6 months ago

BRIEF-Yapi Kredi Bankasi authorizes GM to issue debt instruments up to $6.0 bln or equivalent

Feb 22 (Reuters) - Yapi ve Kredi Bankasi As:

* Authorizes the general management for issuance of eurobond or similar debt instruments up to an amount of $6.0 billion or equivalent foreign currencies or Turkish lira

* Bank to issue debt instruments within a period of 1 year following the CMB's approval of the issuance certificate, to be sold to individual and institutional investors resident outside of Turkey, under the MTN Programme or as standalone issuances

* Decides to sell non-performing loans amounting in aggregate to 531.0 million lira ($147.43 million)

* Decides to sell non-performing loans as of Dec. 31, 2016 to Güven Varlik Yönetim for a total amount of 27.5 million lira

Source text for Eikon: ,

Further company coverage: ($1 = 3.6016 liras) (Gdynia Newsroom)

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