Vestel Electronics has decided to borrow money

Vestel

Vestel Elektronik decided to issue TL-denominated debt instruments with a ceiling of 3 billion lira to qualified investors in the country.

he statement made by the company to KAP is as follows: In accordance with the decision of the Board of Directors of Vestel Elektronik Sanayi ve Ticaret AŞ dated 07.11.2023, our Company will pay in Turkish Lira in one or more installments, in various maturities up to 5 (five) years, not exceeding the amount of 3,000,000,000 TL (Three Billion Turkish Liras), It has been decided to issue debt instruments in the form of sales to qualified investors without public offering in the country and to apply for debt instrument issuance to the Capital Markets Board in this context. The English translation of this statement is attached. If there is any difference in the explanation texts, the Turkish explanation will be taken as basis.

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