05:46 PM EDT, 10/10/2024 (MT Newswires) -- D-MARKET Electronic Services & Trading (HEPS) of Turkey said indirect subsidiary Hepsi Finansman closed its first bond issuance with a nominal value of 250 million Turkish lira ($7.3 million) and 51.5% annual interest.

The bonds issued to domestic qualified investors have a six-month maturity with coupon payments due every three months, and Hepsifinans plans to use the funds to "sustainably grow its consumer finance business," D-MARKET said Thursday in a statement.