Turk Telekom cuts margins to call in loan

Turkey’s largest phone company Turk Telekom has lowered the margins it pays for large loans after it signed a dual currency loan worth $600m from 13 banks on Monday.

  • 20 Mar 2012

The loan is split between a €239.4m piece and a $285.2m tranche, with margins of 300bp over Euribor and Libor, respectively. The deal pays an all-in margin of 350bp.

Turk Telekom has until March 2017 to pay back the loan after a two year grace period. It will ...

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