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English
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oda_MaterialEventDisclosureGeneralAbstract|
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Evet (Yes)
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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05.03.2018, 31.05.2019
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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In order to manage its floating interest rate risk, our Company has entered into an interest rate swap transaction for the USD75 million portion of the loan from China Development Bank with a (6M) LIBOR + 2.22% annual interest rate and with April 2026 maturity date, which was disclosed as per our announcement dated March 5, 2018. With this transaction, our Company has fixed the annual interest rate of the respective portion of the loan at 4.07% in USD terms, starting from April 10 - October 10, 2019 period and up until maturity. There have been no changes to the maturity or the repayment terms of the loan.
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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.