Vestel Elektronik Sanayi ve Ticaret AŞ completed the sale of a TL 162,480,000 commercial paper with fixed coupon payment with a maturity of 166 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 53%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
TL 224,000,000 nominally valued Commercial Paper, which was sold to qualified investors on December 12, 2024 with a maturity of 183 days and with the ISIN Code of TRFVSTL62514, was redeemed as of today (June 13, 2025) with completion of th coupon payment amounting to TL 56,153,440 and the principal payment of TL 224,000,000.
International rating agency Fitch Ratings revised our Company's Long-Term Local- and Foreign-Currency Issuer Default Ratings (IDR) to ‘B-' from 'B+'. The instrument rating of the senior unsecured bonds issued by our company amounting to USD 500 million with a maturity of 2029 has been revised from "B+" to "B-". The outlooks of the ratings is "Negative".
At the ordinary general assembly meeting of our company dated May 22, 2025, the amendment to the articles of association regarding the extension of the existing registered capital ceiling was approved and registered on 28.05.2025.
The Board of Directors of Vestel Elektronik Sanayi ve Ticaret Anonim Şirketi has taken the following decisions.
1- To elect Mr.Emin Ataç, Independent Board Member, as the Chairperson and Mr. Adnan Yıldırım, Independent Board Member, and Ms. Ayça Ersoy, Investor Relations Department Responsible, as the Committee members to carry out the activities of the Corporate Governance Committee,
2- To elect Mr. Adnan Yıldırım, Independent Board Member, as the Chairperson and Ms.Ayşe Botan Berker, Independent Board Member, as the Committee member to carry out the activities of the Audit Committee,
3- To elect Ms.Ayşe Botan Berker, Independent Board Member, as the Chairperson and Mr. Adnan Yıldırım, Independent Board Member, as the Committee member to carry out the activities of the Early Detection of Risk Committee,
4- To elect Mr.Emin Ataç, Independent Board Member, as the Chairperson and Mr. Bekir Cem Köksal, Board Member, as the Committee members to carry out the activities of the Strategy, Investment and R&D Committee,
5- To elect Mr. Emin Ataç, Independent Board Member, as the Chairperson and Mr. Bekir Cem Köksal, Board Member,, as the Committee member to carry out the activities of the Sustainability Committee.
At the ordinary general assembly meeting of our company dated May 22, 2025, the amendment to the articles of association regarding the extension of the existing registered capital ceiling was approved and registered on 28.05.2025.
The resolutions of Vestel Elektronik Sanayi ve Ticaret AŞ's Annual General Meeting for the year 2024, which was held on May 22, 2025, have been registered by the Istanbul Trade Registry Office on May 28 ,2025.
The first coupon payment amounting to TL 80,230,820 on the TL 340,000,000 nominally valued corporate bond which was sold to qualified investors on December 5, 2024 with a maturity of 379 days and trades with the ISIN Code of TRSVSTLA2514 , was made as of today. The interest rate for the second coupon payment has been set as 24.9615%
The first coupon payment amounting to TL 29,282,310 on the TL 270,000,000 nominally valued corporate bond which was sold to qualified investors on February 26, 2025 with a maturity of 401 days and trades with the ISIN Code of TRSVSTL42618, was made as of today. The interest rate for the second coupon payment has been set as 12.4221%.
Vestel Elektronik Sanayi ve Ticaret AŞ completed the sale of a TL 96,910,000 commercial paper with fixed coupon payment with a maturity of 183 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 53%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.