JCR-Eurasia Rating has revised Vestel Beyaz Eşya Sanayi ve Ticaret AŞ Long-Term National Issuer Rating as "BB+ (tr)" with a "Stable" outlook. The company's Short-Term National Issuer Credit Rating has been determined at "J3 (tr) / Stable". The company's Long-Term International Foreign and Local Currency Issuer Ratings and their outlooks have been determined at "B+ / Stable.
Vestel Beyaz Eşya Sanayi ve Ticaret AŞ completed the sale of a TL 29,430,000 commercial paper with fixed coupon payment with a maturity of 127 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 47%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue. This statement was translated into English for informational purposes.
TL 114,530,000 nominally valued commercial paper, which was sold to qualified investors on 18 March, 2026 with a maturity of 175 days and trades with the ISIN Code of TRFVEST92615, was redeemed as of today (September 9, 2026) with completion of coupon payment amounting to TL 25,259,362.44 and the principal payment of TL 114,530,000.
TL 88,080,000 nominally valued commercial paper, which was sold to qualified investors on 30 April, 2026 with a maturity of 132 days and trades with the ISIN Code of TRFVEST92631, was redeemed as of today (September 9, 2026) with completion of coupon payment amounting to TL 15,608,304.48 and the principal payment of TL 88,080,000.
TL 39,000,000 nominally valued commercial paper, which was sold to qualified investors on 15 April, 2026 with a maturity of 147 days and trades with the ISIN Code of TRFVEST92623, was redeemed as of today (September 9, 2026) with completion of coupon payment amounting to TL 7,617,831.00 and the principal payment of TL 39,000,000.
Our Company's CFO, Mr. Bülent Kiracıoğlu, will leave his position effective August 31, 2026. Ms. Zeynep Sarsan has been appointed as CFO effective September 7, 2026. Her brief biography is provided below.
We hereby announce this information to the public.
Resume
Zeynep Sarsan holds a Bachelor's degree in Business Administration from Istanbul University and an MBA in Financial Management from Yeditepe University. In 2024, she completed the Corporate Finance Programme at London Business School.Sarsan began her professional career in auditing in 1999 and subsequently held senior finance management positions at leading companies, including Nexans, Praktiker, and Alcatel-Lucent.Since 2013, Sarsan has held Finance Director and CFO positions at various companies within Kibar Holding, including Assan Hanil, Baymak/BDR Thermea, Assan Panel, and Ispak Ambalaj. From 2018 to 2026, she served as CFO of Assan Alüminyum.During the same period, she also served concurrently as a Board Member of Kibar Americas and as a Member of the Executive Committee of Krides
Vestel Beyaz Eşya Sanayi ve Ticaret AŞ completed the sale of a TL 58,130,000 commercial paper with fixed coupon payment with a maturity of 140 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 47%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
The financial results presentation of our Company for the period 01.01.2026–30.06.2026 is made available to our investors on our corporate website (www.vestelinternational.com).
Pursuant to our material event disclosure dated 04.05.2026, the Capital Markets Board's ("CMB") approval for the planned debt issue was announced in the CMB's bulletin dated 29.07.2026 and numbered 2026/48 and notified to the Company on 06.08.2026. The approved issue document is presented in the attachment.
The third coupon payment amounting to TL 14,161,303,80 on the TL 123,480,000 nominally valued corporate bond which was sold to qualified investors on October 27, 2025 with a maturity of 374 days and trades with the ISIN Code of TRSVESTK2610, was made as of today. The interest rate for the fourth coupon payment has been set as 12.6028%.