Turk Telekom inks USD600m loan agreements with CDB| MENAFN.COM

Sunday, 07 August 2022 10:02 GMT

Turk Telekom inks USD600m loan agreements with CDB


(MENAFN) Turk Telekom announced that it inked two loan deals with China Development Bank (CDB), with a combined value of USD600 million, reported Reuters. The Turkish telecommunications firm added that the 8-year loan agreements include USD200 million deal and another one worth USD400 million. It noted that the USD400 million agreement will have an interest rate of Libor+3.40 percent. On the other hand, the USD200 million deal will be used to fund goods and services acquired from Huawei. The latter will have an interest rate of Libor+2.85 percent.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.