Turkey's Zorlu Enerji to Miss Coupon on $1.1 Billion Bond
5 Articles
5 Articles
Zorlu Energy, operating under Zorlu Holding, has taken steps to postpone the $60.5 million coupon interest payment due on October 23, 2026, for its $1.1 billion bond. According to Bloomberg, the company...
Zorlu Enerji has initiated the consent process to postpone the $60.5 million coupon payment on its $1.1 billion bond, due on October 23, to April 2027.
Zorlu Energy, the energy company of Zorlu Holding, has begun seeking investor approval to postpone the $60.5 million bond interest payment due on October 23, 2026, for six months. While the company's financial difficulties and the decline in its bond market value remain in the spotlight, the outcome of this process is eagerly anticipated. Here are the details...
It has been alleged that Zorlu Energy, a subsidiary of Zorlu Holding, one of Türkiye's largest conglomerates, will be unable to make a $55 million interest payment on its $1.1 billion bond on time. According to a Bloomberg report citing sources close to the matter, the company plans to postpone the payment, due tomorrow, for up to six months.
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