Global Investment Holdings Announces Full Repayment of USD100,000,000 Loans obtained in July 2007
30 July 2012
Global Investment Holdings annunced that its loans to Deutsche Bank Luxembourg SA obtained in July 2007 with respect to the bonds (ISIN XS0312972903) issued on 31.07.2007 by Deutsche Bank Luxembourg SA., with a nominal value of USD 100.000.000, and a coupon rate of 9.25%. Deutsche Bank Luxembourg, as the paying agent, will transfer the principal amount and the final coupon interest and to the accounts of the bond holders on 31.07.2012.
The Group CFO, Kerem Eser stated that with this redemption, the consolidated financial indebtedness of the Group has decreased significantly. Reminding the additional cash proceeds and the reduction in bank loans as a result of the divestiture of the Group’s interest in Energy Investment Holdings most recently, he further stated that the Group’s cash position has become more robust, and the consolidated net indebtedness has been further reduced.
Eser underlined that for the upcoming periodsnew bond issues will remain as an option to finance the new projects being pursued, as well as to maintain the Group’s existance in corporate bond market, where Global Investment Holding has been one of the very few such corporates in Turkey excluding the banks.
Further Information:
IR Department / investor@global.com.tr
About GIH
Global Yatırım Holding A.Ş. (Global Investment Holdings) was regrouped as a holding company on October 2004 (www.globalyatirim.com.tr) to hold a diversified portfolio of investments in a number of businesses, including infrastructure, real estate, energy, and financial services. Global Investment Holdings is listed on the Istanbul Stock Exchange (as “GLYHO.IS”) and utilizes its experience in the finance sector, for industrial business opportunities.
