Business
Turkcell Secures US$1 Billion Murabaha Syndication Facility to Boost 5G and Future Connectivity
ISTANBUL, March 23, 2026--Turkcell (NYSE: TKC) (BIST: TCELL) has signed a landmark US$1 billion syndicated international Murabaha financing with 14 banks.
About this update from Turkcell Iletisim Hizmetleri A.s.
[{"type":"image","alt":"Kamil Kalyon, Turkcell’s Chief Financial Officer","displaySize":"","headline":null,"caption":"Kamil Kalyon, Turkcell’s Chief Financial Officer","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":320,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/dac579c1a866dd4ccff37ac86b1d7bf3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/rFvj8aneYlgjGVpE_civBQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTk2MA--/https://media.zenfs.com/en/business-wire.com/dac579c1a866dd4ccff37ac86b1d7bf3","width":320,"height":480}},"lazy":false},{"type":"text","content":"ISTANBUL, March 23, 2026--(BUSINESS WIRE)--Turkcell (NYSE: TKC) (BIST: TCELL), Türkiye’s leading technology and telecommunications company, has signed a landmark US$1 billion syndicated international Murabaha financing with 14 banks. As the largest ever syndicated Islamic financing facility for a Turkish corporate with very competitive maturity profile and pricing terms, the facility will finance Turkcell’s 5G and next-generation communication investments. With the recent escalations in the Middle East with supply chain concerns and challenging financing conditions in the GCC, the transaction underscores Turkcell’s strong credit profile and strategic access to international capital markets.","length":699,"tagName":"p"},{"type":"text","content":"Strong support for 5G and digital infrastructure investments","length":60,"tagName":"p"},{"type":"text","content":"As Türkiye prepares to launch 5G on 1 April, Turkcell has taken another key financing phase to support the country’s digital future. The Murabaha Facility was launched to a select group of lenders at US$500m, which then was oversubscribed by c.2.4x attracting very strong interest from top-tier Middle Eastern as well as diversified global and international banks. On the back of the strong demand mainly from the GCC lenders, Turkcell has decided to upsize the Syndicated Murabaha Facility to US$1 Billion to primarily fund investments in 5G, advanced connectivity, digital infrastructure, and future communication solutions.","length":626,"tagName":"p"},{"type":"text","content":"HSBC acted as the Sole Coordinator and Bookrunner of this landmark Islamic Financing Facility. Mandated Lead Arrangers includes top-tier lenders namely Kuwait Finance House, BNP Paribas, Dubai Islamic Bank, Emirates...