Turkcell Iletisim Hizmetleri (TKC) said Monday it has signed a $1 billion syndicated international Murabaha financing with 14 banks.
Turkcell said it upsized the facility to $1 billion from $500 million to primarily finance 5G and next-generation communication investments.
Turkcell said the financing facility has a final maturity of seven years versus the typical five-year market standard, with a two-year grace period on principal repayments.
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