The interest rate for the third coupon payment of TL 50.066.100 nominally valued corporate bond, which was sold to qualified investors on July 9, 2020 with a maturity of 372 days and trades with the ISIN Code of TRSVSTL72110, has been set as 4,3108 %. (simple annual interest 16.9185%).
The second coupon payment amounting to TL 1.911.417,19 on the TL 50.380.000 nominally valued Corporate Bond with the ISIN Code of TRSVSTL72227 was made as of today.
The interest rate for the third coupon payment of TL 50.380.000 nominally valued corporate bond, which was sold to qualified investors on July 9, 2020 with a maturity of 728 days and trades with the ISIN Code of TRSVSTL72227, has been set as 4,2138%. (simple annual interest 16,9013%)
As per the Company's Board of Directors' decision, Vestel Elektronik sold its 122,550.94 sqm land in Manisa Organized Industrial Zone (MOSB) and the building located in 3,000 sqm portion of this land for a total consideration of TL 131,810,638.3 to its 89.9% owned subsidiary Vestel Beyaz Eşya Sanayi ve Ticaret AŞ. The acquisition price for the land was determined in accordance with the value set by the Board of Directors of the Manisa Organized Industrial Zone within the framework of the Article 15 of the Law No. 4562 while the price for the building was determined by negotiation between the parties.
Zorlu Holding AŞ sold 1,500,000 Vestel Elektronik Sanayi ve Ticaret AŞ ("Vestel Elektronik") shares at a price of TL 20 per share on Borsa Istanbul on December 29, 2020. Following the transaction, the Company's share in Vestel Elektronik declined to 66.51%.
Zorlu Holding AŞ sold 2,200,000 Vestel Elektronik Sanayi ve Ticaret AŞ ("Vestel Elektronik") shares at a price of TL 19.82 per share on Borsa Istanbul on December 18, 2020. Following the transaction, the Company's share in Vestel Elektronik declined to 66.95%.
JCR Eurasia Rating evaluated "Vestel Elektronik Sanayi ve Ticaret AŞ" in investment grade category in its periodic annual review and affirmed the Company's ratings on Long-Tem and Short-Term National Scales as ‘A (Trk)' and ‘A-1 (Trk)', respectively along with ‘Stable' outlook. Moreover, the ratings for the outstanding or prospective debt instrument issuances are affirmed as ‘A (Trk)' for the long term and ‘A-1 (Trk)' for the short term. On the other hand, the Company's Long Term International Foreign and Local Currency Ratings have been determined as ‘BB+/Negative', the same level as the sovereign ratings of Turkey.
Zorlu Holding AŞ sold 3,504,786 Vestel Elektronik Sanayi ve Ticaret AŞ ("Vestel Elektronik") shares within a price range of TL 19.63-20.24 per share on Borsa Istanbul on December 16, 2020. Following the transaction, the Company's share in Vestel Elektronik declined to 67.61%.
Pursuant to our material event disclosure dated 21.03.2019, Vestel Ticaret AŞ (Vestel Ticaret), a wholly-owned subsidiary of Vestel Elektronik and Whirlpool EMEA S.p.A (Whirlpool) have signed a Service Agreement, confined to the Turkish market, under which Vestel Ticaret would act as a service provider (including installation, after-sales and call center services) for the Indesit, Hotpoint and Ariston branded major household appliances (MDA), air conditioners and small household appliances (SDA) of Whirlpool. The agreement will be valid for 5 years.