Turkey's Yildiz Holding in talks for lower rates on 2018 syndication
10/02/2020 08:03
ISTANBUL, Feb 10 (Reuters) - Turkey's Yildiz Holding told
Reuters on Monday it is in talks with banks to lower the
interest rate on a syndication deal it made in April 2018.
In a statement, Yildiz also said it was seeing interest in
its new asset sales and that talks on the issue were ongoing.
Average interest rates on commercial loans stood at around
18-20% in early 2018, according to central bank data. They
exceeded 30% in the wake of a currency crisis later that year
but have since come down to around 10-11%.
(Reporting by Ebru Tuncay; Writing by Ali Kucukgocmen; Editing
by Jonathan Spicer)
((ali.kucukgocmen@thomsonreuters.com , @alikucukgocmen;
+902123507067; Reuters Messaging: Reuters Messaging:
ali.kucukgocmen.thomsonreuters.com@reuters.net))