10:04 - 27.10.2026

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October 27, Fineko/abc.az. Turkish telecommunications giant Türk Telekom has signed a $1 billion long-term club loan agreement with the participation of 14 international banking institutions.

According to the company's disclosure on the Public Disclosure Platform (KAP), the proceeds will be utilized to finance general corporate needs and support nationwide digital transformation through 5G and fiber network infrastructure investments. Carrying a final maturity of October 2031 (average maturity of 4.55 years), the loan bears an annual interest rate of SOFR + 2.00%. Bank of America acted as the coordinator, while ING Bank served as the facility agent for the transaction.