Sberbank Signs EUR500 Million Financing Deal for Third Istanbul Airport
By Orhan Coskun, Reuters | Jun. 19, 2015
Russia's Sberbank signed a EUR500 million (US$567 million) loan deal to finance the construction of Istanbul's third airport, the airport operator IGA said late on Thursday.
Sberbank will make the transaction through its Turkish unit Denizbank, IGA said, adding that the loan will have a maturity of 16 years.
Istanbul's third airport is expected to be completed with an investment worth EUR6.6 billion.
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