Çağdaş Faktoring sets first bond coupon rate at 11.5763%
The company’s 300,000,000 lira financing bill is due to pay its first coupon on October 13, with principal due in January.
Key takeaways
- The first coupon rate on the bond is 11.5763% for the period.
- The 300,000,000 lira principal is scheduled for repayment on January 15, 2027.
Çağdaş Faktoring set the first coupon rate on its 300,000,000 lira financing bill at 11.5763%, according to a company disclosure to KAP. The payment is scheduled for October 13.
The bill was sold to qualified investors on July 9, has a variable rate linked to TLREF plus an additional return of 4.25%, and pays coupons every three months. The first coupon is interest paid to bondholders; it is separate from the principal, which is scheduled for repayment on January 15, 2027.
The disclosure gives no rate for the second coupon. Its payment is scheduled for January 15, alongside repayment of the principal.
This article was produced with the help of AI technology. Source: Yahoo Finance
