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General

Turkcell updates forex risk on CDB loan

Wednesday 29 August 2018 | 15:41 CET | News
Turkcell modified the parameters of the participating currency swap transaction for the 10-year loan of EUR 500 million from China Development Bank, which was disclosed in July 2016, in order to manage its foreign currency risk. Accordingly, the company has fixed the annual interest rate to 10.1 percent until October and to 10.98 percent after October until maturity date, in Turkish Lira terms, while increasing the protection levels of the swap transaction. There have been no changes to the maturity of the loan and the swap transaction, which are both 2025. 

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Categories: General
Companies: Turkcell
Countries: Turkey
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