Figo Finans Revises Plan for 600000000 Lira Debt Issue
The board approved a revised plan for a domestic, non-public debt issue, but the filing does not report regulatory approval or completion.
Key takeaways
- Figo Finans’s board revised its decision on a 600000000 lira debt issue.
- The planned domestic sale would be non-public and directed to qualified investors and/or through private placement.
- The filing does not report approval or completion of the issue.
Figo Finans Factoring’s board revised its decision to issue debt securities with a nominal value of 600000000 lira, according to a corrected KAP disclosure. The plan is for a domestic sale without a public offering, to qualified investors and/or through private placement.
The board’s revised resolution is dated October 12, 2026. The filing lists September 29 as the date of the application to the Capital Markets Board, and says the company must complete the required approval and other legal procedures.
If issued, the securities would let the company borrow from investors rather than sell them ownership in the company. The disclosure does not say that the issue has been approved or completed, or provide its terms.
This article was produced with the help of AI technology. Source: Yahoo Finance
