Pursuant to our material event disclosure dated 27.09.2023, the Capital Markets Board's ("CMB") approval for the planned debt issue was announced in the CMB's bulletin dated 10.11.2023 and numbered 2023/70. The approved issuance certificate, its annex and signed application form are presented in the attachment.
Click here for the Issuance Certificate.
In our material event disclosure dated 02.03.2023 it was announced that Vestel Beyaz Eşya had used the first tranche (300 million TL) of the investment committed advance loan (ICAL) with 10 years maturity originating from the Central Bank of the Republic of Türkiye. The last tranche of the loan was drawn as of 01.11.2023 and the use of 1.5 billion Turkish Lira has been completed.
Vestel Beyaz Eşya reported TL 34,580 mn (EUR 1,443 mn) of sales revenues and TL 3,513 mn (EUR 147 mn) of net profit for 9M23.
Click here for for the 9M23 CMB financials.
In accordance with its Board's decision dated 27.09.2023, Vestel Beyaz Eşya Sanayi ve Ticaret AŞ decided to apply to the Capital Markets Board of Türkiye to issue up to TL 2,500,000,000 (two billion five hundred million 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 246,000,000 nominally valued commercial paper, which was sold to qualified investors on June 7, 2023 with a maturity of 86 days and with the ISIN Code of TRFVEST92326, was redeemed as of today (September 1, 2023) with completion of the first coupon payment amounting to TL 24,923,736 and the principal payment of TL 246,000,000.
TL 110,000,000 nominally valued commercial paper, which was sold to qualified investors on May 25, 2023 with a maturity of 99 days and with the ISIN Code of TRFVEST92318, was redeemed as of today (September 1, 2023) with completion of the first coupon payment amounting to TL 12,232,660 and the principal payment of TL 110,000,000.
Vestel Beyaz Eşya has announced on July 25, 2023 that the Capital Markets Board had approved the Company's application to issue TL denominated debt instruments up to a nominal value of TL 700,000,000 and with a maximum maturity of 5 years for sale in single or multiple tranches to qualified investors in the domestic market. Within this scope, the Company completed the sale of a TL 390,000,000 commercial paper with fixed coupon payment with a maturity of 173 days to domestic qualified investors on September 1, 2023. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
Vestel Beyaz Eşya has announced on July 25, 2023 that the Capital Markets Board had approved the Company's application to issue TL denominated debt instruments up to a nominal value of TL 700,000,000 and with a maximum maturity of 5 years for sale in single or multiple tranches to qualified investors in the domestic market. Within this scope, the Company completed the sale of a TL 260,000,000 corporate bond with floating coupon payments with a maturity of 383 days to domestic qualified investors on September 1, 2023. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
Vestel Beyaz Eşya has announced on July 25, 2023 that the Capital Markets Board had approved the Company's application to issue TL denominated debt instruments up to a nominal value of TL 700,000,000 and with a maximum maturity of 5 years for sale in single or multiple tranches to qualified investors in the domestic market. Within this scope, the Company completed the sale of a TL 50,000,000 corporate bond with floating coupon payments with a maturity of 390 days to domestic qualified investors on August 25, 2023. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
Vestel Elektronik Sanayi ve Ticaret AŞ sold 32,000,000 Vestel Beyaz Eşya Sanayi ve Ticaret AŞ shares within a price range of TL 14.80 – TL 15.04 per share on Borsa Istanbul via block trades to institutional investors on August 14, 2023. Following the transaction, the Company's share in Vestel Beyaz Eşya Sanayi ve Ticaret AŞ declined to 77.33%. Our Company commits not to sell any additional Vestel Beyaz Eşya shares for 180 days following this transaction.