Feb. 24 (Bloomberg) -- Turk Telekomunikasyon AS, Turkey’s biggest phone company, said a $500 million loan it got from China Development Bank has an annual interest rate of 285 basis points, or 2.85 percentage points, more than the London interbank offered rate, or Libor.
Turk Telekom signed the loan agreement for the eight-year loan, with a 2 1/2-years grace period, on Feb. 21, it said.
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