27.

Loans and borrowings


	31 December 2017		31 December 2016
Non-current liabilities
Unsecured bank loans		6,376,981		5,300,756
Debt securities issued		1,770,482		1,589,227
Finance lease liabilities		108,164		41,539
Secured bank loans		2,368		3,580

		8,257,995		6,935,102

Current liabilities
Unsecured bank loans		2,643,112		1,581,135
Current portion of unsecured bank loans		1,513,425		922,867
Current portion of secured bank loans		2,022		2,054
Current portion of finance lease liabilities		14,556		6,575
Current portion of long-term debt securities issued		105,039		94,473
Debt securities issued		—		238,956

		4,278,154		2,846,060

Terms and conditions of outstanding loans are as follows:


					31 December 2017						31 December 2016
	Currency		Interest rate type		Nominal interest rate		Payment period		Carrying amount		Nominal interest Rate		Payment period		Carrying amount
Unsecured bank loans (*)		USD		Floating		Libor+2.0%-Libor+3.3%		2018-2020		2,880,615		Libor+2.0%-Libor+2.6%		2017-2020		1,984,533
Unsecured bank loans (*)		EUR		Floating		Euribor+1.2%-Euribor+2.2%		2018-2026		5,511,579		Euribor+1.2%-Euribor+2.2%		2017-2025		3,593,110
Unsecured bank loans		TL		Fixed		11.1%-15.5%		2018-2019		1,620,391		10.4%-12.6%		2017-2018		1,819,944
Unsecured bank loans		UAH		Fixed		11%-14.5%		2018		520,933		13.5%-18.6%		2017		407,171
Secured bank loans (**)		BYN		Fixed		12%-16%		2018-2020		4,390		12%-16%		2017-2020		5,634
Debt securities issued		USD		Fixed		5.8%		2018-2025		1,875,521		5.8%		2017-2025		1,683,700
Debt securities issued		TL		Fixed		—		—		—		10.7%		2017		238,956
Finance lease liabilities		EUR		Fixed		3.4%		2018-2024		116,797		3.4%		2017-2024		48,034
Finance lease liabilities		USD		Fixed		22.5%		2018		41		18%-28%		2017-2018		80
Finance lease liabilities		TL		Fixed		27.5%-27.7%		2018-2020		5,882		—		—		—

										12,536,149						9,781,162

(*)

Secured by blocked deposit amounting to EUR 26,350 and USD 17,100 (equivalent to TL 183,483 as at 31 December 2017), in connection with the foreign currency loans utilized by Turkcell Finansman.

(**)

Belarusian Telecom pledged its certain property, plant and equipment to secure these bank loans. Also, these bank loans are secured by the Government of the Republic of Belarus (Note 33).

Finance lease liabilities are payable as follows:


	31 December 2017						31 December 2016
	Future minimum lease payments		Future finance charges		Recognized as a liability		Future minimum lease payments		Future finance charges		Recognized as a liability
Within one year		17,447		2,891		14,556		7,908		1,333		6,575
Between 1-5 years		55,722		5,541		50,181		26,506		3,752		22,754
More than 5 years		60,401		2,418		57,983		19,859		1,074		18,785

		133,570		10,850		122,720		54,273		6,159		48,114

For the majority of the borrowings, the fair values are not materially different to their carrying amounts, since the interest payable on those borrowings is either close to current market rates or the borrowings are of a short-term nature.

Details of the Group’s exposure to risks arising from current and non-current borrowings are set out in Note 33.