Mediazz Completes 70,000,000 Lira Bond Issue
The 136-day financing note carries a fixed 42% annual simple interest rate and is due for repayment in February 2027.
Key takeaways
- Mediazz completed a 70,000,000 lira financing note issue on October 12.
- The note matures on February 26, 2027, with a fixed 42% annual simple rate.
Mediazz Yeni Medya ve Teknoloji Yatırımları completed a 70,000,000 lira financing note issue on October 12, according to its KAP disclosure. The note has a 136-day term and is due on February 26, 2027.
The company said the notes were sold to qualified investors in Türkiye. They carry a fixed annual simple interest rate of 42% and an annual compound rate of 47.73%, with one coupon payment at maturity.
The borrowing provides financing to the company, but also creates an obligation to repay the principal and interest. The disclosure says the notes can be traded on the exchange.
This article was produced with the help of AI technology. Source: Yahoo Finance
