Hepsiburada Unveils the Next Chapter in Hepsifinans' Growth Strategy

Hepsiburada Announces the Third Bond Issuance of Hepsifinans

Istanbul, Turkey, March 21, 2025 - Hepsiburada, Turkey's leading e-commerce platform, today announced the issuance of its third bond, Hepsifinans, with a total value of TRY 1.5 billion (approximately USD 180 million).

The bond issuance is part of Hepsiburada's strategy to diversify its funding sources and strengthen its financial position. The company plans to use the proceeds from the bond issuance to support its continued growth and expansion, including the development of new products and services, as well as the enhancement of its logistics and supply chain capabilities.

"We are pleased to announce the successful issuance of our third bond, Hepsifinans," said Pelin Mengu, Chief Financial Officer of Hepsiburada. "This bond issuance demonstrates our commitment to maintaining a strong financial position and providing the necessary resources to support our continued growth and expansion in the e-commerce market."

The bond issuance was well-received by investors, with a significant demand for the bond. The bond has a tenor of 5 years and a coupon rate of 8.5%. The bond will be listed on the Borsa Istanbul (BIST) and will be traded on the BIST National Market.

Hepsiburada's bond issuance is expected to have a positive impact on the Turkish bond market, providing a new source of funding for Turkish companies and supporting the country's economic growth.

About Hepsiburada

Hepsiburada is Turkey's leading e-commerce platform, offering a wide range of products and services to its customers. The company was founded in 2015 and has since grown to become one of the largest e-commerce platforms in Turkey, with over 10 million registered users and a presence in over 80 cities across the country. Hepsiburada is committed to providing its customers with a seamless and enjoyable shopping experience, and to supporting the growth and development of the Turkish e-commerce market.