April 9, 2019 / 11:36 AM / 17 days ago

Turkey's Eximbank secures $630 mln loan -ministry

ISTANBUL, April 9 (Reuters) - Turkey’s Eximbank has secured a syndicated loan of $630 million from international markets, the Trade Ministry said on Tuesday.

The part of the loan with a one-year maturity will have an interest rate of Euribor+2.65 percent and Libor+2.75 percent, the ministry said, adding that the cost of the loan was 20 basis points lower than that of a syndicated loan signed in October. (Reporting by Ceyda Caglayan Writing by Ali Kucukgocmen Editing by Daren Butler)

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