By Akin Nazli in Belgrade Turk Ekonomi Bankasi (TEB), a unit of BNP Paribas (Paris/BNP), has sold $400mn of 10-year subordinated (Tier II) eurobonds at a coupon rate of 9.375%, the bank said on January 10. The papers are callable at the end of the fifth year. In December, TEB recalled a €125mn subordinated paper due 2028, which was sold to BNP Paribas in 2018. Chart: TEB’s wholesale funding composition as of end-September. In line with local peers, TEB, the 11th largest bank in Turkey with Turkish lira (TRY) 355bn ($12bn) worth of assets at end-September, has a B-/Stable (one notch below Turke…