11:21 AM EDT, 09/30/2024 (MT Newswires) -- D-MARKET Electronic Services & Trading (HEPS) announced a second issuance of asset-backed securities totaling 350 million Turkish lira ($10.2 million).

The issue includes six tranches with an average maturity of 84 days and an annual interest rate of 51%, the company said Monday in a statement.

The company, doing business as Hepsiburada, plans to use the funds partly to boost its buy-now-pay-later business.

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