Summary Info
Issuance of a Discounted Commercial Paper to Qualified Investors
Update Notification Flag
No
Correction Notification Flag
No
Postponed Notification Flag
No
Subject of Notification
Completion of the Sale
Board Decision Date
13.04.2022
Related Issue Limit Info
Currency Unit
TRY
Limit
750.000.000
Issue Limit Security Type
Debt Securities
Sale Type
Sale To Qualified Investor
Domestic / Oversea
Domestic
Capital Market Instrument To Be Issued Info
Type
Bill
Maturity Date
02.12.2022
Maturity (Day)
123
Interest Rate Type
Discounted
Interest Rate - Yearly Simple (%)
%33
ISIN Code
TRFVSTLA2212
Ending Date of Sale
01.08.2022
Maturity Starting Date
01.08.2022
Nominal Value of Capital Market Instrument Sold
334.000.000
Rating
Does the issuer have a rating note?
Yes
Issuer Rating Note
Rating Company
Rating Note
Rating Date
Is it Investment Grade?
JCR-Eurasia Rating
A (Trk)/( Stabil Görünüm)
30.11.2021
Yes
Does the capital market instrument have a rating note?
No
Does the originator have a rating note?
No
Additional Explanations
Vestel Elektronik has announced on April 13, 2022 that the Capital Markets Board had approved the Company's application to issue debt instruments up to a nominal value of TL 750,000,000 and with a maximum maturity of 5 years for sale in single or multiple tranches to qualified investors in the domestic market. Within this scope, the Company completed the sale of a TL 334,000,000 discounted commercial paper with a maturity of 123 days to domestic qualified investors on August 1, 2022. Ak Yatırım Menkul Değerler AŞ has acted as the financial intermediary for the issue. This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.