The "Directors and Officers Liability Insurance" currently in effect for the members of our Board of Directors and senior executives has been renewed with a coverage limit exceeding 25% of the Company's capital, in accordance with Article 4.2.8 of the appendix to the Capital Markets Board's Corporate Governance Communiqué.
TL 51,000,000 nominally valued commercial paper, which was sold to qualified investors on 25 August, 2025 with a maturity of 116 days and trades with the ISIN Code of TRFVSTLA2519 , was redeemed as of today (December 19, 2025) with completion of coupon payment amounting to TL 7,455,792 and the principal payment of TL 51,000,000.
340,000,000 nominally valued corporate bond, which was sold to qualified investors on December 5, 2024 with a maturity of 379 days and with the ISIN Code of TRSVSTLA2514, was redeemed as of today (December 19, 2025) with completion of the third coupon payment amounting to TL 14,294,280 and the principal payment of TL 340,000,000.
Vestel Elektronik Sanayi ve Ticaret AŞ completed the sale of a TL 75,930,000 commercial paper with fixed coupon payment with a maturity of 157 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 44,5%.
International rating agency Fitch Ratings revised our Company's Long-Term Local- and Foreign-Currency Issuer Default Ratings (IDR) to ‘CCC+' 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 "CCC".
JCR-Eurasia Rating has assessed the consolidated structure of Vestel Elektronik Sanayi ve Ticaret AŞ and revised its Long-Term National Issuer Rating as "BBB (tr)" with a "Stable" outlook. The Short-Term National Issuer Credit Rating has been maintained as "J2 (tr)" with a "Stable" outlook. The company's Long-Term International Foreign and Local Currency Issuer Ratings and their outlooks have been maintained at "BB / Stable."
The third coupon payment amounting to TL 32,687,010 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 fourth coupon payment has been set as 15.2548%.
TL 162,480,000 nominally valued Commercial Paper, which was sold to qualified investors on June 13, 2025 with a maturity of 166 days and with the ISIN Code of TRFVSTLK2525, was redeemed as of today (November 26, 2025) with completion of th coupon payment amounting to TL 39,164,504.16 and the principal payment of TL 162,480,000.
Vestel Elektronik Sanayi ve Ticaret AŞ completed the sale of a TL 47,330,000 commercial paper with fixed coupon payment with a maturity of 180 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 45%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
Vestel Elektronik Sanayi ve Ticaret AŞ completed the sale of a TL 24,340,000 corporate bond with floating coupon payment with a maturity of 386 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 45,00% annual simple for the first coupon, 45,00% annual simple or the higher of TLREF + 1% (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.