Active Mixed AidData Chinese Aid

Bank of China provides EUR 200 million loan to Türk Telekom to expand connections with local businesses

€200M EUR

Funder	Bank of China (BOC)
Recipient Organization	Türk Telekom
Country	Turkey
Start Date	Dec 20, 2017
End Date	Oct 13, 2030
Duration	4,680 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`67361`

Grant Description

Bank of China provides EUR 200 million loan to Türk Telekom to expand connections with local businesses On December 20, 2017, Bank of China issued a EUR 200 million loan to Türk Telekomünikasyon A.Ş. (“Türk Telekom”) — a private telecommunications company — to expand connections with local businesses.

📋 Loan / Grant Terms

💰 Loan Amounthas an 8-year maturity

📅 Maturity8 years

⏳ Grace Period3 years

📋 Staff Comments

Türk Telekom was a state-owned enterprise until it was privatized in 2005. In November 2005, 55% of Türk Telekom was sold to Oger Telecom's Joint Venture Group.
For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.

📚 Sources & References

BRIEF-Turk Telekomunikasyon Signs Loan Agreement Deal Worth EUR 200.0 Mln With Bank Of China‍
TÜRK TELEKOMÜNIKASYON A.S
Türk Telekom signed a loan agreement with Bank of China
Bank of China looks to finance infrastructure projects in Turkey Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.