Turkiye Is Bankasi has raised a total of $500 million in a sale of senior unsecured notes, Reuters reports. The bonds, which carry a coupon rate of 5.1%, will mature on Feb. 1, 2016.

The Turkish public bank sold the securities in the 144a private placement market. The joint book-running managers for the sale were JP Morgan, RBS, Standard Bank and Standard Chartered Bank.

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