Hepsiburada announced on March 21, 2025, that its indirect wholly-owned subsidiary, Hepsi Finansman A.Ş. ("Hepsifinans"), closed its third bond issuance on March 4, 2025. The issuance, with a nominal value of TRY 100 million, was made to domestic qualified investors.
These bonds have a six-month maturity and will accrue interest at a rate of 43.00% per annum, with the principal and coupon repaid at maturity. This bond issuance is part of the Capital Markets Board's approval for Hepsifinans to issue bonds or bills with a total aggregate principal amount of up to TRY 1,050,000,000 within one year.
The funds raised will be used to sustainably grow Hepsifinans' consumer finance business. This financing supports Hepsiburada's strategic focus on expanding its fintech solutions, which are crucial for driving GMV growth and customer relevance.
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