The first coupon payment amounting to TL 33,539,670 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 third coupon payment has been set as 12.1063%.
The first coupon payment amounting to TL 4,718,816,55 on the TL 35,050,000 nominally valued corporate bond which was sold to qualified investors on May 27, 2025 with a maturity of 394 days and trades with the ISIN Code of TRSVSTL62616 , was made as of today. The interest rate for the second coupon payment has been set as 13.4631%.
Vestel Elektronik Sanayi ve Ticaret AŞ completed the sale of a TL 51,000,000 commercial paper with fixed coupon payment with a maturity of 116 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 46%. 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 39,660,000 corporate bond with floating coupon payment with a maturity of 367 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 48,00% annual simple for the first coupon, 48,00% 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.
TL 160,000,000 nominally valued Commercial Paper, which was sold to qualified investors on February 26, 2025 with a maturity of 180 days and with the ISIN Code of TRFVSTL82512, was redeemed as of today (August 25, 2025) with completion of th coupon payment amounting to TL 33,928,800 and the principal payment of TL 160,000,000.
Vestel Elektronik Sanayi ve Ticaret AŞ signed a Corporate Governance Principles Compliance Rating Agreement with SAHA Kurumsal Yönetim ve Kredi Derecelendirme Hizmetleri AŞ on August 8, 2025 for the renewal of the Company's corporate governance rating. The term of the agreement is one year.
The second coupon payment amounting to TL 90,422,250 on the TL 750,000,000 nominally valued corporate bond which was sold to qualified investors on January 29, 2025 with a maturity of 379 days and trades with the ISIN Code of TRSVSTL22610 , was made as of today. The interest rate for the third coupon payment has been set as 12.9106%.
Pursuant to our material event disclosure dated 11.03.2025, the Capital Markets Board's ("CMB") approval for the planned debt issue was announced in the CMB's bulletin dated 17.07.2025 and numbered 2025/39 and notified to the Company on 22.07.2025.
In relation to our material event disclosure dated September 18, 2024 regarding the letter of intent signed for the acquisition of certain shares of Vidaa (Netherlands) International Holdings B.V. ("Vidaa B.V."), a subsidiary of Hisense Co., Ltd. the world's second largest and China's largest TV manufacturer, which incorporates the TV operating system and broadcasting platform VIDAA;
On July 11, 2025 (today), a Share Subscription Agreement was signed between our 100% indirect subsidiary, Vestel Holland B.V. ("Vestel Holland") and Vidaa (Netherlands) International Holdings B.V. ("Vidaa B.V.") for the purchase of 842,602 newly issued shares as part of a capital increase in Vidaa B.V. together with a Shareholders' Agreement executed among the parties, and the share purchase price will be paid with deferred payments under the guarantee of Vestel Holland.
Furthermore, a platform revenue agreement has been signed between our Company and Vidaa USA, Inc., a wholly-owned subsidiary of Vidaa B.V., for sharing of platform revenues of Vidaa to be generated from the sales of TVs with Vidaa platform with our Company.
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.