İş Finansal Kiralama Completes 1 Billion Lira Bond Sale
The company completed a 364-day financing-bond issue, with a single coupon and principal payment scheduled for October 2027.
Key takeaways
- İş Finansal Kiralama completed a 1 billion lira financing-bond sale.
- The 364-day bond has a fixed annual simple interest rate of 39.50%.
İş Finansal Kiralama completed the sale of a 1 billion lira financing bond on October 12, according to its KAP disclosure. The 364-day bond was sold to qualified investors through İş Yatırım Menkul Değerler.
The bond has a fixed annual simple interest rate of 39.50% and one coupon. The filing lists a coupon payment of 393,918,000 lira and repayment of the 1 billion lira principal on October 12, 2027.
The issue is borrowing by the company, not a sale of shares. It creates a repayment obligation; the disclosure does not state how the company will use the funds.
This article was produced with the help of AI technology. Source: Yahoo Finance
