Turkcell announces modification of CDB loan agreement

Monday 5 March 2018 | 17:33 CET | News
Turkcell said the scope of the EUR 690 million unused portion of the EUR 750 million loan agreement signed with China Development Bank (CDB) was expanded. In addition to Turkcell Iletisim Hizmetleri, subsidiaries Superonline Iletisim Hizmetleri, Turkcell Finansman and lifecell will also be able to use the loan. Furthermore, in addition to the right to use in EUR terms, the relevant loan may also be used in USD and CNY with respective annual interest rates of Libor + 2.22 percent and 5.51 percent. There have been no changes to maturity and the repayment schedule of the loan.

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Categories: General
Companies: Lifecell / Turkcell
Countries: Turkey
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