Turk Telekom signs $600 mln loan deals with China Development Bank

ISTANBUL Wed Dec 26, 2012 4:13am EST

ISTANBUL Dec 26 (Reuters) - Turkish telecommunications company Turk Telekom signed two eight-year loan deals worth $600 million with China Development Bank, the company said on Wednesday.

The $200 million agreement will be used to finance goods and services bought from Huawei and will have an interest rate of Libor+2.85 percent, whereas the $400 million deal will have an interest rate of Libor+3.40 percent. (Writing by Ece Toksabay; Editing by Angus MacSwan)

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