A trader at Barclays PLC BCS, -2.51% reportedly suffered a loss of around 15 million pounds ($19 million) from trading Turkish corporate bonds in the last few days, a casualty of the market tumult caused by the lira’s swoon. Tolga Kirbay, a senior credit trader at the British bank, took the hefty hit from trading Turkish corporate paper over three days since last Thursday as the lira plunged and borrowing costs rose, Bloomberg News reported, citing people familiar with the matter. The Wall Street Journal, citing a person familiar with the situation, reported that Kirbay’s loss was balanced by hedges elsewhere in the credit business and that the bank hadn’t suffered any significant losses in its business overall. A Barclays spokesman didn’t immediately respond to a request for comment. Investors worry that Turkish firms will struggle to service dollar-denominated debt if the lira continues to weaken. Analysts at Oxford Economics estimate Turkish corporate debt denominated in foreign currencies amounts to more than 10% of the country’s GDP.via