Hepsiburada Announces The Second Issuance Of Asset-backed Securities Amounting To TRY 350 Million
Portfolio Pulse from Benzinga Newsdesk
Hepsiburada, a Turkish e-commerce platform, announced a second issuance of asset-backed securities worth TRY 350 million. The funds will support its BNPL business and working capital.
September 30, 2024 | 1:09 pm
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Hepsiburada has issued TRY 350 million in asset-backed securities to support its BNPL business and manage working capital. This move is part of a larger TRY 2 billion limit approved by the Capital Markets Board.
The issuance of asset-backed securities is a strategic move to enhance Hepsiburada's BNPL business and improve its financial flexibility. This could positively impact the stock price as it shows proactive financial management and growth potential.
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