Coca-Cola İçecek Completes Coupon Payment on TRY 935 Million Bond
Coca-Cola İçecek AS has successfully completed its eighth coupon payment and redemption on a TRY 935 million floating-rate bond. The bond, which was issued to domestic qualified investors, carries an investment-grade AAA issuer rating from Fitch Ratings and offers an additional 0.90 percent return over the TLREF reference rate.
The company's ability to fulfill its scheduled interest obligations on this note may reinforce investor confidence in Coca-Cola İçecek AS' credit quality and operational stability. The completion of this transaction also contributes to the liquidity and depth of Turkey's corporate bond market for qualified investors.
Coca-Cola İçecek AS is a Turkish beverage bottler and distributor focused on producing and selling Coca-Cola branded soft drinks and related non-alcoholic beverages. The company serves domestic and regional markets and accesses capital markets to fund its operations and growth through qualified investor debt issuances.