Karel Completes 255,000,000 Lira Bond Sale
Karel sold a 182-day, floating-rate financing bond to qualified investors, with two coupon payments scheduled before or at maturity.
Key takeaways
- Karel completed the sale of a 255,000,000 lira bond on October 12.
- The floating-rate bond is linked to TLREF and lists a 2% additional return.
- The bond has two coupon payments, with principal due on April 13, 2027.
Karel Elektronik completed the sale of a 255,000,000 lira, 182-day floating-rate financing bond on October 12, according to a company filing with KAP. The bond was sold to qualified investors in Türkiye.
The filing names TLREF as the interest-rate reference and lists an additional return of 2%. The bond has two coupon payments, scheduled for January 14 and April 13, 2027.
The issuance means Karel has borrowed money and must repay the principal at maturity; it is not a sale of new shares. The principal repayment is scheduled for April 13, 2027.
This article was produced with the help of AI technology. Source: Yahoo Finance
