Brief: Turk Traktor Signs Loan Agreement Up To 70 Million Euros With EBRD

Turk Traktor ve Ziraat Makineleri

25/07/2023 16:17

July 25 (Reuters) - Turk Traktor ve Ziraat Makineleri AS  TTRAK.IS :
    * SIGNS LOAN AGREEMENT UP TO EUR 70 MILLION  WITH EBRD
    * AGREEMENT TO BE USED FOR INSTALLATION OF SOLAR ENERGY PANELS WITH POWER OF 4.3 MW ON THE
ROOF OF
OUR FACTORY IN SAKARYA
    * LOAN TO BE USED IN TWO EQUAL TRANCHES AND HAS TOTAL MATURITY OF 5 YEARS
    * ANNUAL INTEREST EXCLUDING BANK CHARGES IS 4.85% + 6 MONTHS EURIBOR
    * FIRST YEAR OF LOAN WILL BE WITHOUT PRINCIPAL PAYMENT, AND INTEREST WILL BE PAID EVERY 6
MONTHS
    * AS OF SECOND YEAR, PRINCIPAL AND INTEREST PAYMENTS WILL BE MADE EVERY 6 MONTHS

Source text for Eikon:  ID:nIKAb93ylK 
Further company coverage:  TTRAK.IS 

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