1 Billion Turkish Lira Bill issuance from Halkbank

Investors have shown strong interest in Halkbank bill issuance offered publicly on December 23-25, 2013. Total bids have exceeded 1.6 times the planned offer value that was originally set at 750 million Turkish lira. The issuance has been increased to 1 Billion Turkish lira amid strong investor demand, closing the public offering succesfully.

Assuring that they offer reliable and profitable investment products to their customers, Murat Uysal, Halkbank Deputy General Manager for Treasury Management said, "As one of the biggest banks in Turkey, we are proud to be offering profitable investment products to our customers. We have successfully completed the sixth bill issuance the Bank has offered in this context. We have increased our issuance since investor subscriptions have greatly exceeded the planned total. This result goes to prove customers' trust in our bank. Empowered with this trust, Halkbank intends to continue performing with the same dedication."

Annualized simple and compound interest rates for the 175 day Halkbank bills with June 20, 2014 maturity are set at 9.13% and 9.35% respectively offering high reliable yields. The bill issuance is open to deposit customers and investors of fixed income securities across the country.