Ak Yatırım Completes 1,300,000,000 Lira Note Repayment

Ak Yatırım Menkul Değerler said it completed repayment of a 1,300,000,000 lira financing bill and paid a 131,621,100 lira coupon on Oct. 13, according to its KAP disclosure.

The 95-day note was sold to qualified investors and was not traded on an exchange. It carried a fixed annual simple interest rate of 38.90%, the filing said.

The completed payment returned the borrowed principal and interest to investors. For the company, it means settling the debt rather than raising new funds.