Hepsiburada announced on November 6, 2024, that its indirect wholly-owned subsidiary, Hepsi Finansman A.Ş. ("Hepsifinans"), closed its second bond issuance. The issuance, with a nominal value of TRY 150 million, was made to domestic qualified investors.
These bonds have a six-month maturity and will accrue interest at a rate of 51.50% per annum, with coupon payments due every three months. This bond issuance is part of a larger program approved by the Capital Markets Board, allowing 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 from this issuance will be utilized 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 in a high-interest-rate environment.
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