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.
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