October 3, 2018 / 12:29 PM / 2 months ago

Turkey's Eximbank says 1-year euro loan tranche priced at 6-month euribor+285bp

ANKARA, Oct 3 (Reuters) - The cost of the 1-year tranche of Turkish Eximbank’s 590 million euro loan was set at 6 month euribor + 285 basis points, the bank said on Wednesday.

In an earlier statement on Twitter, Trade Minister Ruhsar Pekcan said 540 million euro of the total was in the form of a syndicated loan and that it had a rollover ratio of 108.5 percent. (Reporting by Ece Toksabay Editing by Dominic Evans)

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