Core Viewpoint - Hepsiburada, a leading Turkish e-commerce platform, has successfully completed its third bond issuance through its subsidiary Hepsi Finansman A.Ş., raising TRY 100 million to support the growth of its consumer finance business [1][2]. Group 1: Bond Issuance Details - Hepsifinans's third bond issuance was closed on March 4, 2025, with a total principal amount of TRY 100 million and a maturity of six months [2]. - The bonds will accrue interest at a rate of 43.00% per annum, with both principal and coupon to be repaid at maturity [2]. - This issuance is part of a larger plan approved by the Capital Markets Board, allowing for a total bond issuance of up to TRY 1,050 million within one year [2]. Group 2: Company Overview - Hepsiburada operates as a hybrid e-commerce platform combining first-party direct sales and a third-party marketplace, featuring approximately 100,000 merchants [4]. - The platform offers a wide range of services including last-mile delivery, fulfilment services, advertising solutions, cross-border sales, payment services, and affordability solutions [5]. - Hepsiburada's fintech platform, Hepsipay, enhances shopping convenience with secure payment solutions, digital wallets, general-purpose loans, and buy now pay later options [5]. Group 3: Social Impact - Since its founding in 2000, Hepsiburada has focused on empowering women in the Turkish economy, launching a program in 2017 that has supported nearly 57,500 female entrepreneurs [6].
Hepsiburada Announces the Third Bond Issuance of Hepsifinans