ISTANBUL: Turkey's biggest state-run lender Ziraat Bankasi is planning to launch a borrowing programme of up $4 billion and 15 billion lira ($6.33 billion) through separate issues in domestic and global markets, the bank said late on Tuesday.

The bank is planning to issue lira-denominated borrowing instruments worth up to 15 billion lira with different maturities up to 5 years, it said in a statement to the Istanbul stock exchange.

The bank will also launch a foreign currency denominated medium-term note programme in international markets worth up to $4 billion through one or more issues.

Copyright AFP (Agence France-Presse), 2014