Having been the leader in total residential sales value over the past four years, Nef announced to the Public Disclosure Platform (KAP) that it has completed the eighth and final coupon payment for its TRY 50 million bond issuance.
Having been the leader in total residential sales value over the past four years, Nef announced to the Public Disclosure Platform (KAP) that it has completed the eighth and final coupon payment for its TRY 50 million bond issuance.
Having issued bonds with a total nominal value of TRY 275 million, Nef has now completed a total of TRY 368 million in bond redemptions and coupon payments.
Holding the highest credit rating among residential developers, Nef announced to the Public Disclosure Platform (KAP) that, as of 2 October 2019, it had completed the eighth and final coupon payment for its TRY 50 million bond issuance.
“The redemption and eighth, and final, coupon payment of the TRY 50,000,000 nominal value bond (ISIN: TRSTIMGE1918), issued with a maturity of 728 days and variable coupon payments every three months, and offered to qualified investors through Yapı Kredi Yatırım Menkul Değerler A.Ş. without a public offering, was completed on 2 October 2019.”
The Only Real Estate Company Issuing Corporate Bonds
Having been active in the corporate bond market for the past four years, Nef remains the only real estate company to issue corporate bonds. With this latest payment, the company has made total bond redemptions and coupon payments amounting to TRY 368 million.
TRY 407 Million Capital Increase
Nef also attracted attention with its recent TRY 407 million paid-in capital increase. The company increased its paid-in capital from TRY 52.39 million to TRY 459.174 million, raising its shareholders’ equity to approximately TRY 1 billion. Nef also became the first company in the sector to introduce Building Completion Insurance for its Nef Reserve Kandilli and Nef Reserve Gölköy projects, guaranteeing project completion and delivery.
