Brief: Turkcell Says It Signs A Non-Binding Term Sheet With The China Development Bank For A Loan Agreement Worth Up To EUR 300 Mln

Turkcell Iletisim Hizmetleri

29/05/2024 08:04

May 29 (Reuters) - TURKCELL ILETISIM HIZMETLERI AS
 TCELL.IS :
    * TURKCELL SAYS IT SIGNS A NON-BINDING TERM SHEET WITH THE
CHINA
DEVELOPMENT BANK FOR A LOAN AGREEMENT THAT CAN BE UTILIZED IN
CHINESE YUAN UP TO THE AMOUNT OF EUR 300 MILLION FOR THE
FINANCING OF INFRASTRUCTURE INVESTMENTS
    * TURKCELL SAYS THE LOAN HAS A MATURITY OF 10 YEARS AND A
GRACE
PERIOD OF 3 YEARS
    * TURKCELL SAYS THE ANNUAL INTEREST RATE FOR THE LOAN IS
FIXED AT
4.98%

Source text for Eikon:  ID:nIKA3JJ5qp 
Further company coverage:  TCELL.IS 
    

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