Turkcell Completes Billion-Lira Bond Issuance

Turkcell Iletisim (TKC) has released an update.

Turkcell Iletisim has successfully completed a private placement of financing bonds, totaling TRY 1.87 billion with a high annual simple interest rate of 49.50%, maturing on January 30, 2025. The bonds, issued under the company’s TRY 8 billion limit approved by the Capital Markets Board, will be transferred to investors’ accounts today, indicating strong investor confidence as evidenced by the AAA (tr) rating from JCR AVRASYA.

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