ISTANBUL--Turk Telekomunikasyon AS (TTKOM.IS) said Wednesday it has signed a $300 million loan agreement with China Development Bank Corporation and a EUR100 million loan deal with the European Investment Bank to finance investment expenditures.

In a statement, Turk Telekom said the $300 million loan has a nine-year maturity, while the EUR100 million loan has an eight year maturity.

At 0840 GMT, Turk Telekom shares were trading 0.3% lower at TRY6.98 amid a 0.7% higher overall Istanbul market.

Write to Yeliz Candemir at yeliz.candemir@dowjones.com

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