Turkey Wealth Fund Refinanced Loan Before Agbal Ousting

Posted on 03/24/2021

The Turkey Wealth Fund borrowed 1.25 billion euros from international banks to roll over a two-year loan from 2019. The wealth fund paid a margin of 225 basis points over Euribor, a quarter point less than the cost of the original 1 billion-euro loan. The wealth fund closed the deal on March 22, 2021, when […]

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