TOFAŞ TÜRK OTOMOBİL FABRİKASI BIST:TOASO:
SAID ON FRIDAY SIGNS LOAN AGREEMENT WITH BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) FOR AN EXPORT CREDIT AGENCY (ECA) LOAN AMOUNTING TO 275.7 MILLION EUROS, INCLUDING INSURANCE PREMIUM IN CONNECTION WITH K9 COMMERCIAL VEHICLE CONTRACT
THIS LOAN WILL SUPPORT FINANCING OF PREVIOUSLY ANNOUNCED INVESTMENT OF 256 MILLION EUROS
LOAN IS EXPECTED TO BE UTILIZED WITHIN ONE MONTH AND WILL MATURE IN DECEMBER 2034
BASED ON ESTIMATED DISBURSEMENT SCHEDULE AND AVERAGE MATURITY, WITH SEMI-ANNUAL PRINCIPAL AND INTEREST PAYMENTS, ANNUAL TOTAL COST OF THE LOAN WILL BE IN RANGE OF 6-MONTH EURIBOR + 2.25% – 2.35%
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