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General

Turkcell gets USD 150 mln long term loan to fund acquisition of products, services from Ericsson

Tuesday 26 February 2019 | 14:53 CET | News
Turkcell signed a loan agreement of USD 150 million with J.P.Morgan Chase Bank N.A., London Branch and AB Svensk Exportkredit within the framework of the insurance of the Swedish Export Credit Agency (EKN) in order to fund the procurement of products and services from Ericsson and Ericsson Telekomunikasyon. The loan's availability period is until April 2021. The loan will be used in three equal tranches each with a maturity of 10 years. The total annual cost of the loan is LIBOR+2.10 percent for the first tranche and fixed 5.35 percent for the second and third tranches.

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Categories: General
Companies: Turkcell
Countries: Turkey
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