Gezinomi seeks withdrawal of 2 billion lira debt application
The company says it has abandoned the proposed borrowing process and asked Turkey’s Capital Markets Board to remove its application.
Key takeaways
- Gezinomi asked the Capital Markets Board to withdraw its application for a debt issuance ceiling of 2 billion lira.
- The company cited changes in financing policies, market conditions and financing needs.
Gezinomi Seyahat Turizm asked Turkey’s Capital Markets Board to withdraw its application for a debt issuance ceiling of 2 billion lira, according to an Oct. 13 KAP disclosure. The company said it had decided to abandon the process and requested that the application be removed.
Gezinomi submitted the application on Sept. 7, following a board decision on Sept. 3. It cited changes in its financing policies, market conditions and financing needs.
The proposed debt issue would have involved borrowing through securities. The company’s request to withdraw the application is not itself confirmation that the regulator has removed it.
This article was produced with the help of AI technology. Source: Yahoo Finance
