AK Yatırım Completes 1,500,000,000 Lira Bond Sale
The 94-day financing bill was sold to qualified investors under a regulator-approved 13,900,000,000 lira issuance limit.
Key takeaways
- AK Yatırım sold 1,500,000,000 lira in financing bills to qualified investors.
- The bills mature on January 15, 2027, with a fixed annual simple rate of 37%.
AK Yatırım Menkul Değerler completed the sale of 1,500,000,000 lira in financing bills to qualified investors, according to its KAP disclosure. The sale was completed on October 12, and the bills were issued on October 13 under a 13,900,000,000 lira ceiling approved by Turkey’s Capital Markets Board.
The 94-day bills carry a fixed annual simple interest rate of 37% and an annual compound rate of 42.39%. They are denominated in Turkish lira and are not listed for trading on an exchange.
The sale is borrowing, not a share issue: investors lend money to the company, which is scheduled to pay one coupon and return the 1,500,000,000 lira principal on January 15, 2027.
This article was produced with the help of AI technology. Source: Yahoo Finance
