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Turkey: Turkcell, China Development Bank Sign $590 Million Loan Deal
August 11th, 2020 - 08:30 GMT

Turkey: Turkcell, China Development Bank Sign $590 Million Loan Deal

A €500 million ($590 million) long-term loan package with the China Development Bank (CDB) will help Turkish cellphone operator Turkcell take its business to the next level, the cellphone giant said Monday. The eight-year maturity loan can be utilized in both euros and China’s renminbi (yuan) terms to finance Turkcell's infrastructure investments over the next three years, it said in a statement. The loan, which will help Turkcell finance the ...
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