Smart Güneş Sets Final Coupon Rate on 200,000,000 Lira Note
The company says the note’s final quarterly coupon is set at 10.985%, with interest and principal payments scheduled for October 13.
Key takeaways
- The final coupon rate is 10.985% for the TRFSMARE2610 financing bill.
- The filing schedules the final coupon and principal payments for October 13.
Smart Güneş Enerji has set the final coupon rate on its TRFSMARE2610 financing bill at 10.985% for the period. The company reported the rate in a KAP filing on October 12.
The bill’s terms specify a variable rate linked to TLREF, with an additional 4%. The company sold 200,000,000 TRY in nominal value of the bill.
The payment schedule lists October 13 for both the final coupon and principal repayment. The filing does not state the amounts for these final payments. The rate determines the interest due to holders; it is a debt payment, not a dividend to shareholders.
This article was produced with the help of AI technology. Source: Yahoo Finance
