December 7, 2018 / 10:01 AM / 3 days ago

Turkey issues first asset-backed security worth 3.15 bln lira - finance ministry

ANKARA, Dec 7 (Reuters) - Turkey issued it first asset-backed security, worth 3.15 billion lira ($590 million), the finance ministry said on Friday.

In a statement, the ministry said the security had a 5-year maturity and a fixed-coupon payment of three months. It said 118 investors had submitted bids.

$1 = 5.3427 liras Reporting by Tuvan Gumrukcu and Ece Toksabay; Editing by David Dolan

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