Ms. Başak Dalga, the Head of Investor Relations and a Member of the Corporate Governance Committee of our Company, has decided to resign from her position effective as of December 31, 2024. We thank Ms. Başak Dalga for her valuable contributions to our Company and wish her every success in her future career. Until a new appointment is made within the period stipulated by the legislation, the duties will be carried out by the Financial Affairs Department, to which Investor Relations reports, in accordance with capital markets regulations.
Vestel Beyaz Eşya Sanayi ve Ticaret AŞ completed the sale of a TL 800,000,000 commercial paper with fixed coupon payment with a maturity of 181 days to domestic qualified investors, the transfer of the securities to the customer accounts will be completed today. The debt instrument offers an annual simple interest rate of 51%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
Pursuant to our material event disclosure dated 27.09.2024, the Capital Markets Board's ("CMB") approval for the planned debt issue was announced in the CMB's bulletin dated 20.12.2024 and numbered 2024/57. The approved issuance certificate, its annex and signed application form are presented in the attachment.
556,430,000 nominally valued corporate bond, which was sold to qualified investors on February 21, 2024 with a maturity of 295 days and with the ISIN Code of TRFVESTA2419, was redeemed as of today (December 12, 2024) with completion of the third coupon payment amounting to TL 96,126,621.08 and the principal payment of TL 556,430,000.
TL 455,000,000 nominally valued Corporate Bond, which was sold to qualified investors on July 17, 2024 with a maturity of 113 days and with the ISIN Code of TRFVESTK2417, was redeemed as of today (November 7, 2024) with completion of the coupon payment amounting to TL 73,953,425 and the principal payment of TL 455,000,000.
In accordance with its Board's decision dated 26.09.2024, Vestel Beyaz Eşya Sanayi ve Ticaret AŞ decided to apply to the Capital Markets Board of Türkiye to issue up to TL 3,000,000,000 (three billion Turkish Liras) of TL denominated debt instruments in varying terms up to 5 (five) years, in single or multiple tranches, in the form of sales to qualified investors without being offered to the public.
TL 50,000,000 nominally valued corporate bond, which was sold to qualified investors on August 25, 2023 with a maturity of 390 days and trades with the ISIN Code of TRSVEST92410, was redeemed as of today (September 18, 2024) with completion of coupon payment amounting to TL 8,927,100 and the principal payment of TL 50,000,000.
TL 260,000,000 nominally valued corporate bond, which was sold to qualified investors on September 1, 2023 with a maturity of 383 days and trades with the ISIN Code of TRSVEST92428, was redeemed as of today (September 18, 2024) with completion of coupon payment amounting to TL 42,420,920 and the principal payment of TL 260,000,000.
Vestel Beyaz Eşya Sanayi ve Ticaret AŞ completed the sale of a commercial paper with a nominal value of TL 800,000,000, maturity of 147 days and a fixed coupon payment to domestic qualified investors. The transfer of the securities to investor accounts will be completed today. The debt instrument offers an annual simple interest rate of 52.50%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issuance.
Vestel Beyaz Esya Sanayi ve Ticaret AŞ completed the sale of a commercial paper with a nominal value of TL 200,000,000, maturity of 175 days and a fixed coupon payment to domestic qualified investors. The transfer of the securities to investor accounts will be completed today. The debt instrument offers an annual simple interest rate of 52%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issuance.