TL 395,000,000 nominally valued commercial paper, which was sold to qualified investors on 1 November, 2024 with a maturity of 175 days and trades with the ISIN Code of TRFVEST42511, was redeemed as of today (April 25, 2025) with completion of coupon payment amounting to TL 96,585,795 and the principal payment of TL 395,000,000.
Vestel Beyaz Eşya Sanayi ve Ticaret AŞ completed the sale of a TL 175,000,000 corporate bond with floating coupon payment with a maturity of 370 days to domestic qualified investors, the transfer of the securities to the customer accounts will be completed today. The interest rate of this instrument is 51% annual simple for the first coupon, 51% annual simple or the higher of TLREF + 1,00 % (BIST TLREF Index Change + 100 Basis Points Additional Return) for the other coupons. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
Within the Capital Markets Board's letter dated 17.04.2025 and numbered E-29833736-110.03.03-70920 , the amendment of the Articles of Association has been given the appropriate opinion and will be submitted to the approval of the shareholders at the Ordinary General Assembly for the fiscal year 2024 following the receipt of the relevant Ministry's approval.
As part of its periodic review process, JCR-Eurasia Rating has assessed Vestel Beyaz Eşya Sanayi ve Ticaret AŞ within the high investment-grade category and revised its Long-Term National Issuer Rating as "AA (tr)" with a "Stable" outlook. The company's Short-Term National Issuer Credit Rating has been affirmed at "J1+ (tr) / Stable”. The company's Long-Term International Foreign and Local Currency Issuer Ratings and their outlooks have been affirmed at "BB / Stable."
Our Company’s Board of Directors has resolved, in accordance with the provisions of the Turkish Commercial Code and capital markets regulations, to amend our Articles of Association as attached by modifying Articles 3, 6, 8, 11, 16, 20, 22, 26, 27, and 28, and by cancelling and removing Articles 9, 10, 15, 17, 18, 19, 21, 32, and 34. Additionally, in line with Article 18 of the Capital Markets Law and the provisions of the Capital Markets Board’s Registered Capital System Communiqué (II-18.1), it has been resolved to extend the validity period of our registered capital for a new five-year term covering 2025–2029, and Article 6 of our Articles of Association has been amended accordingly. In this regard, the Management has been authorized to carry out all necessary transactions, including applying to the Capital Markets Board and the Ministry of Trade to obtain the required legal approvals.
In accordance with its Board's decision dated 11.03.2025, Vestel Beyaz Eşya Sanayi ve Ticaret AŞ decided to apply to the Capital Markets Board of Türkiye to issue up to TL 5,000,000,000 (five 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.
Vestel Beyaz Eşya Sanayi ve Ticaret AŞ completed the sale of a TL 350,000,000 commercial paper with fixed coupon payment with a maturity of 170 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 43,50%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
Vestel Beyaz Eşya Sanayi ve Ticaret AŞ completed the sale of a TL 885,000,000 corporate bond with floating coupon payment with a maturity of 399 days to domestic qualified investors, the transfer of the securities to the customer accounts will be completed today. The interest rate of this instrument is 44% annual simple for the first coupon, 44% annual simple or the higher of TLREF + 0.50% (BIST TLREF Index Change + 50 Basis Points Additional Return) for the other coupons. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
TL 200,000,000 nominally valued commercial paper, which was sold to qualified investors on 21 August, 2024 with a maturity of 175 days and trades with the ISIN Code of TRFVEST22513, was redeemed as of today (February 12, 2025) with completion of coupon payment amounting to TL 49,863,200 and the principal payment of TL 200,000,000.
TL 800,000,000 nominally valued commercial paper, which was sold to qualified investors on 18 September, 2024 with a maturity of 147 days and trades with the ISIN Code of TRFVEST22521, was redeemed as of today (February 12, 2025) with completion of coupon payment amounting to TL 169,151,200 and the principal payment of TL 800,000,000.