Turkcell Iletisim (TKC) has released an update.
Turkcell Iletisim has successfully completed a private placement of financing bonds, securing TRY 2.2 billion with a 51.5% annual simple interest rate, maturing on October 10, 2024. The bonds, part of an approved TRY 8 billion issue limit, will be transferred to investors’ accounts today, indicating strong investor confidence. This move is aimed at bolstering the company’s financial position without public placement, exclusively targeting qualified investors within Turkey.
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