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Who exactly bought 10.9 billion liras ($1.8 billion) of Turkish state banks' subordinated debt in hurried sales last week?The banks haven't provided many details, saying the sales were private.Turkiye Halk Bankasi AS sold 2.98 billion liras in Tier-2 debt and Turkiye Ihracat Kredi Bankasi AS, known as Eximbank, sold 2.9 billion liras Tier-2 debt last week with a 10-year maturity, completing the sale on the same day it received regulatory approval.In total, the regulator has approved the sale of 18 billion liras in subordinated debt by various banks, with Turkiye Is Bankasi AS receiving approval to sell 5 billion liras and Halkbank with approval to issue another 2 billion liras.
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