TAM Finans sets first coupon rate on 400000000 lira bond
The company set the first coupon at 11.1795% for its variable-rate bond, with payment scheduled for October 13.
Key takeaways
- The first coupon rate was set at 11.1795%, with payment scheduled for October 13.
- Tam Finans completed a 400000000 lira, 183-day bond issue in July.
Tam Finans Faktoring set the first coupon rate on its 400000000 lira financing bill at 11.1795%, according to a KAP disclosure by the company. The payment is scheduled for October 13.
The company completed the bond issue on July 10. It has a 183-day term, variable interest linked to BIST TLREF plus 425 basis points, and two quarterly coupons.
The first coupon’s annual simple rate is 44.3533%, while its annual compound rate is 52.2641%, the filing said. Setting the rate establishes the interest due for this coupon period; it does not mean the payment has already been made.
This article was produced with the help of AI technology. Source: Yahoo Finance
