Çağdaş Faktoring Pays First Coupon on 300000000 Lira Note
The company says it paid 34728900 lira in interest on a floating-rate financing bill, with principal due in January.
Key takeaways
- Çağdaş Faktoring paid the first coupon, worth 34728900 lira, on October 13.
- The 300000000 lira financing bill matures on January 15, 2027.
Çağdaş Faktoring said it paid a 34728900 lira first coupon on October 13 for a financing bill with a nominal value of 300000000 lira. The company reported the payment in a KAP disclosure.
The bill was sold to qualified investors on July 9, has a variable interest rate linked to TLREF plus 4.25%, and matures on January 15, 2027. The filing lists a second coupon and repayment of the 300000000 lira principal for that date.
For shareholders, the coupon is an interest payment on the company’s borrowing, not a dividend. The principal repayment is scheduled for the bill’s maturity.
This article was produced with the help of AI technology. Source: Yahoo Finance
