tiprankstipranks
Advertisement
Advertisement

Turkcell Secures Major Long-Term Loan Agreement

Turkcell Secures Major Long-Term Loan Agreement

Turkcell Iletisim (TKC) has released an update.

Claim 30% Off TipRanks

Turkcell Iletisim Hizmetleri A.S., a leading Turkish telecommunications company, has announced the signing of a significant long-term loan agreement with the China Development Bank. The loan totals RMB2.46 billion, with the first tranche amounting to RMB1.23 billion (approximately EUR157 million). The repayment schedule is structured with incremental percentages due over a period starting 36 months after the first credit utilization, extending up to 120 months.

For further insights into TKC stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1