China-backed AIIB to lend $500 million to two Turkish development banks

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The two borrowers, Türkiye Kalkınma ve Yatırım Bankası AS (IS:KLNMA) and Türkiye Sınai Kalkınma Bankası (IS:TSKB), plan to lend the borrowed funds to infrastructure companies, the bank said in a statement.

The loans are part of the AIIB’s $10 billion funding facility to help public and private sectors fight the outbreak.

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