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3 months ago
BRIEF-Turkcell restructures EUR 500 mln swap transaction from China Development Bank
May 29, 2017 / 12:20 PM / 3 months ago

BRIEF-Turkcell restructures EUR 500 mln swap transaction from China Development Bank

May 29 (Reuters) - TURKCELL:

* RESTRUCTURES THE PARTICIPATING CURRENCY SWAP TRANSACTION FOR THE 10-YEAR LOAN WITH AN AMOUNT OF EUR500 MILLION FROM CHINA DEVELOPMENT BANK DATED 01.07.2016 IN ORDER TO MANAGE ITS FOREIGN CURRENCY RISK

* ACCORDINGLY, COMPANY HAS FIXED THE ANNUAL INTEREST RATE OF EUR500 MILLION LOAN TO 10.1% IN TURKISH LIRA TERMS, AND EXTENDED THE MATURITY OF THE SWAP TRANSACTION TO 2025 TO MATCH THE MATURITY OF THE LOAN

Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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