Capital/Financing Update • Jul 10, 2020
Capital/Financing Update
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| Summary Info | Issuance of a Corporate Green Bond with a Floating Coupon Payment to Qualified Investors |
| Update Notification Flag | No |
| Correction Notification Flag | Yes |
| Postponed Notification Flag | No |
| Reason of Correction | The issue price is corrected as TL 1. |
| Board Decision Date | 19.12.2019 |
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
| Intended Nominal Amount | 50.066.100 |
| Intended Maximum Nominal Amount | 50.066.100 |
| Type | Bond |
| Maturity Date | 16.07.2021 |
| Maturity (Day) | 372 |
| Interest Rate Type | Floating Rate |
| Interest Rate - Periodic (%) | 2,8579 |
| ISIN Code | TRSVSTL72110 |
| Starting Date of Sale | 06.07.2020 |
| Ending Date of Sale | 08.07.2020 |
| Maturity Starting Date | 09.07.2020 |
| Nominal Value of Capital Market Instrument Sold | 50.066.100 |
| Issue Price | 1 |
| Coupon Number | 4 |
Redemption Plan of Capital Market Instrument Sold
| Coupon Number | Payment Date | Record Date | Payment Date | Interest Rate (%) | Interest Rate - Yearly Simple (%) | Interest Rate - Yearly Compound (%) | Payment Amount | Exchange Rate | Was The Payment Made? |
| 1 | 10.10.2020 | 09.10.2020 | 12.10.2020 | 2,8579 | 11,2165 | 11,2212 | |||
| 2 | 11.01.2021 | 08.01.2021 | 11.01.2021 | ||||||
| 3 | 14.04.2021 | 13.04.2021 | 14.04.2021 | ||||||
| 4 | 16.07.2021 | 15.07.2021 | 16.07.2021 | ||||||
| Principal/Maturity Date Payment Amount | 16.07.2021 | 15.07.2021 | 16.07.2021 |
Additional Explanations
Vestel Elektronik has announced on March 20, 2020 that the Capital Markets Board had approved the Company's application to issue debt instruments up to a nominal value of TL 750 mn 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 50,066,100 corporate green bond with floating coupon payments with a maturity of 372 days to domestic qualified investors on July 9, 2020. Garanti Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue. The "Second Party Opinion" for the "Green Bond" issuance obtained from Vigeo Eiris with the best evaluation and the "Green Bond Framework" prepared in this context are provided in the attachment.
Supplementary Documents
| Appendix: 1 | Vestel Green Bond Framework.pdf |
| Appendix: 2 | Vigeo Eiris SPO.pdf |
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