Turkey's Turkiye Petrol Rafinerileri to sell up to $1 billion of debt

By Aleesia Forni

Columbus, Ohio, Sept. 26 - Turkiye Petrol Rafinerileri AS has applied to the Capital Market Board and the Energy Market Regulatory Authority to issue up to $1 billion of bonds or other borrowing instruments, according to a company news release.

The deal may be a single issuance or multiple issuances of fixed- or floating-rate bonds during the course of one year, based on market conditions at the time of issuance.

The $1 billion, or other foreign currency equivalent, will be sold to investors outside of Turkey.

The oil refiner is based in Korfez, Turkey.

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