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Hayır (No)
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Hayır (No)
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Our Company signed a loan agreement of EUR50 million with BNP Paribas Fortis SA/NV for general corporate purposes. The respective loan has a maturity of 3 years and 1 week and its annual cost of funding will be in Euribor + 2.20% - 2.00% range. Cost of funding can potentially decline to Euribor + 2.00% subject to meeting sustainability based environmental objectives set as part of the loan agreement. These objectives include recycling of electronic waste, use of solar energy for electricity consumption and reducing paper consumption through increased use of Dergilik application which enables users to read magazines and newspapers in digital format.
Our company, closely tracking its carbon footprint to support fight against climate change, increases the use of renewable energy in its business processes each year. We improve our processes and reduce waste to increase energy efficiency with a focus on saving energy. We prevent thousands of trees being cut down through our digital publishing application Dergilik by enabling users to read magazines and newspapers in digital format. We target efficient use of water resources through our smart agriculture IoT device Filiz. Our Company, which is listed on Borsa Istanbul's sustainability index since 2015 and publishes its reports transparently in this respect, has now extended its sustainability efforts to its financing activities. Turkcell, having obtained the first Sustainability Linked Loan abroad, strengthened its pioneering position in debt markets.
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.