Otokoc Otomotiv made its second bond issuance in 2023 for qualified investors.
According to the company statement, the bond issuance amount was determined as ₺1 billion with a maturity of 2 years and a coupon payment every 3 months.
Otokoc Otomotiv Finance and Financial Affairs Leader Dr. M. Onder Kutman, whose views are included in the statement, stated that after the bond issuance they made in January, they made their second bond issuance this year, again for qualified investors, amounting to ₺1 billion, with a maturity of 2 years and a coupon payment every 3 months.
Kutman said, “We will use this resource we provide from the market, especially in our long-term car rental projects. The demand for our project development processes for the long-term car rental needs of our industry has once again shown the market’s trust in Otokoc Otomotiv. We thank all our investors for this trust they have shown.”
Source: AA / Prepared by Irem Yildiz