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Tera Yatırım Bank fails to pay 5-billion-lira bill

Photo: Karar

Latest in the series İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe

The Central Securities Depository (MKK) announced that Tera Yatırım Bank failed to make the principal and coupon payments on its financing bill with a nominal value of 5 billion lira (TL).

The total payment, including principal and interest, amounts to about 6.05 billion lira (TL). The Central Securities Depository (MKK) filed the notice to the Public Disclosure Platform (KAP) at 17:55, saying the payment could not be made because the bank did not transfer the required amount.

Tera Yatırım Bank fails to pay 5-billion-lira bill

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+3: Ekonomim, PSM and Dünya +4: Gazete Oksijen, Ekonomim, PSM and Dünya

Fund Investigation News Series

Where it began Tera Portföy declares default in two funds, payment periods extended in six funds

  1. İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe Istanbul's Chief Public Prosecutor's Office ordered journalists İsmail Saymaz, Murat Ağırel and Şaban Sevinç to give statements as suspects as part of its fund investigation.
  2. Fund crisis inquiry motions rejected by AK Party and MHP votes Yeni Yol, CHP, İYİ Party and DEM Party's Turkish Grand National Assembly (TBMM) inquiry motions on the fund crisis were rejected by votes from AK Party and MHP lawmakers.
  3. 10-article bill on liquidation of 131 funds due in Turkish parliament next week A 10-article interim bill for the 131 funds placed under liquidation is planned to go to the Turkish Grand National Assembly (TBMM) next week. The funds total about 1 trillion lira (TL).
  4. YENİ Party's Ümit Özlale names two ministers in fund crisis YENİ Party İzmir deputy Ümit Özlale called on Turkish Trade Minister Ömer Bolat and Turkish Family and Social Services Minister Mahinur Özdemir Göktaş to disclose fund transactions.
  5. Tera Yatırım Bank fails to pay 5-billion-lira bill The Central Securities Depository (MKK) announced that Tera Yatırım Bank failed to make the principal and coupon payments on its financing bill with a nominal value of 5 billion lira (TL).
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