Garanti Bank has closed its transaction comprising two new series of notes worth $225 million and €50 million ($72 million). The series of notes were issued under the firm's diversified payment rights (DPRs) program called Garanti Diversified Payment Rights Finance Co. 

The notes received a rating of ‘A-’ from Fitch Ratings, which makes it the highest standalone rating for a Turkish DPR issuance to date, a release from the company said.

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