Turkey's Ojer aims for $4.75bn loan - report

Turk Telekom's majority owner seeks Turkey's biggest loan in five years

Tags: Oger TelecomTurkey
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Turkey's Ojer aims for $4.75bn loan - report Ojer Telekomunikasyon plans to refinance a previous loan with the new deal.
By  Roger Field Published  March 12, 2013

Ojer Telekomunikasyon, which owns 55% of Turk Telekom, is seeking loans worth $4.75 billion, according to a report from Reuters, which cited bankers close to the deal.

The funds would be to refinance a $4.3 billion deal from August 2007 which was heavily oversubscribed, the report added.

"It is interesting and unusual for this market, but given the amount of appetite that we have seen everywhere else in Central and Eastern Europe, I will not be surprised that it gets done," one banker was quoted as saying in the report.

Ojer Telekomunikasyon is a subsidiary of Dubai-based Oger Telecom, in which Saudi Arabia's STC holds a 35% stake.

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