Turkish cenbank decides to reallocate part of rediscount credits

Turkiye Kalkinma ve Yatirim Bankasi

05/06/2020 16:46

ISTANBUL, June 5 (Reuters) - The Turkish Central Bank said
on Friday it will reallocate 20 billion lira ($2.95 billion) of
a previously disclosed 60 billion lira rediscount credit
facility as advance loans against investment commitment.
    The loans, aiming to contain adverse effects of the
coronavirus on the economy, will be extended through development
and investment banks with a fixed rate and a maximum maturity of
10 years, the bank said.

($1 = 6.7822 liras)

 (Writing by Ezgi Erkoyun
Editing by Daren Butler)
 ((ezgi.erkoyun@thomsonreuters.com; +90-212-350 7051; Reuters
Messaging: ezgi.erkoyun.thomsonreuters.com@reuters.net;))