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General

Turk Telekom enters long term loan deal with BNP Paribas

Monday 7 October 2019 | 12:32 CET | News
Turk Telekom entered into a long-term loan agreement with BNP Paribas under the insurance coverage of Finnvera (Finnish export credit agency) in order to finance the company's and its subsidiaries' capital expenditures. The amount of the facility is EUR 140 million, the final maturity is June 2029 with an average maturity of 4.2 years. The interest rate is Euribor + 0.25 percent per annum and total cost including the other upfront costs and insurance premium is Euribor + 2.24 percent per annum.

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Categories: General
Companies: Turk Telekom
Countries: Turkey
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