Brief: Turk Traktor signs EUR 35 million credit agreement with EIB

Turk Traktor ve Ziraat Makineleri

21/12/2015 15:43

Dec 21 (Reuters) - Turk Traktor  TTRAK.IS : 
    * Signs 35.0 million euros ($38.21 million) credit agreement 
with European Investment Bank (EIB)for financing the R&D 
investments to be carried out concerning tractor designing and 
manufacturing within the next 5 years period 
    * The loan to be provided with 6-years maturity and the 
capital and interest payments will be made every 6 months 
    * Annual interest rate of the loan has been declared 
indicatively as 1.278 pct and the final interest rate will be 
clarified at the utilization date 
 
     
Source text for Eikon:  ID:nIKAX59kxa  
     
Further company coverage:  TTRAK.IS  
 
 
($1 = 0.9161 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))