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Sekerbank Sells 117.6 Million Liras Covered Bonds to UniCredit

Sekerbank TAS (SKBNK), a Turkish bank, sold 117.6 million liras ($66 million) of covered bonds to UniCredit SpA (UCG), the first such sale this year.

The sale is part of a program to sell 800 million liras of bonds that began in 2011, the lender said in a filing with the Istanbul Stock Exchange today.

To contact the reporter on this story: Sibel Akbay in Istanbul at sakbay@bloomberg.net

To contact the editor responsible for this story: Mark Bentley at mbentley3@bloomberg.net

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