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Tam Finans Pays First Coupon on 400000000 Lira Bond
The factoring company completed a 44718000 lira interest payment on a variable-rate bond, with the next coupon and principal due in January.
Key takeaways
- Tam Finans paid the first coupon of 44718000 lira on Oct. 13.
- The bond’s second coupon and principal are scheduled for Jan. 12, 2027.
Tam Finans Factoring paid 44718000 lira for the first coupon on its 400000000 lira bond, according to a company disclosure to KAP. The payment was made on Oct. 13.
The bond has a variable rate linked to BIST TLREF plus 4.25 percentage points. KAP lists the first coupon’s period rate as 11.1795%.
For bondholders, the coupon is an interest payment, not repayment of the bond’s principal. The filing schedules a second coupon and principal repayment for Jan. 12, 2027, but does not state the second coupon amount.
Topics
TAMFA
Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
