Turkey's Hedef Holding says it defaulted on 1.1 bln lira borrowing

Hedef Holding BIST:HEDEF failed to repay a 1.1 billion lira ($22.04 million) money-market borrowing at maturity, the company's lawyer said on Tuesday.The lawyer cited legal measures targeting its controlling shareholder leading to a loss of access to funding sources at the company, which engages in…