Brief: Vestel Elektronik Says It Will Undertake A $50 Million Tap Issue To Its Existing $450 Million Eurobond Due May 15, 2029

Vestel Elektronik Sanayi Ve Ticaret

07/06/2024 06:44

June 7 (Reuters) - VESTEL ELEKTRONİK SANAYİ VE TİCARET
 VESTL.IS :
    * SAID ON THURSDAY TO UNDERTAKE A $50 MILLION TAP ISSUE TO
ITS
EXISTING $450 MILLION EUROBOND DUE MAY 15, 2029 
    * SAYS NEW BOND WILL HAVE A  5-YEAR MATURITY, REDEMPTION
DATE OF
MAY 15, 2029 
    * A COUPON RATE OF 9.75% AND WILL BE PLACED ABROAD IN
ACCORDANCE
WITH THE REGULATION S. 
    * ISSUANCE IS PLANNED TO BE COMPLETED ON 13 JUNE 2024
FOLLOWING
APPROVAL OF THE TRANCHE ISSUANCE BY THE CAPITAL MARKETS BOARD OF
TÜRKIYE
    * JP MORGAN SECURITIES PLC ACTED AS THE SOLE INITIAL
PURCHASER IN
THIS TRANSACTION


        
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