Turkcell enters loan deal with China Development Bank

Thursday 1 October 2015 | 13:51 CET | News
Turkish operator Turkcell's board agreed to sign a loan agreement package with China Development Bank (CDB) for two amounts of up to EUR 500 million and up to EUR 750 million with two and three-years availability periods. The first loan will be used to refinance the group's existing loans, while the second will be used to finance Group's procurements from China in relation to infrastructure investments. The total loan package will have a ten-year final maturity with a three-year grace period and will be paid back in equal installments. The annual interest rate of the loan is expected to be

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Categories: Mobile & Wireless
Companies: Turkcell
Countries: Turkey
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