SPK Approved the Bond Issuance Applications of 10 Companies

Important Approvals from the Capital Markets Board

The Capital Markets Board of Turkey (SPK) included significant developments in its weekly bulletin. Approval has been granted for the debt instrument issuance applications of 10 companies. The relevant companies and the initially approved amounts are as follows:

• Shell & Turcas Petrol AŞ: 9 billion lira
• Allbatross Investment Securities AŞ: 1 billion lira
• Optima Factoring AŞ: 150 million lira
• Suvla Wines Agricultural Industry and Trade AŞ: 500 million lira
• Ak Financial Leasing AŞ: 3 billion 500 million lira
• Marka Retail AŞ: 1 billion 340 million lira
• Mint Financing AŞ: 150 million lira
• Halk Real Estate Investment Trust AŞ: 4 billion lira
• Anadolubank AŞ: 250 million dollars
• Destek Finance Factoring AŞ: 3 million dollars

Lease Certificate Issuance Applications

SPK also announced that it approved the management contract-based lease certificate issuance applications for Emlak Varlık Kiralama AŞ for 6 billion lira and Hedef Varlık Kiralama AŞ for 1 billion lira.

New Pension Funds Established

The Board also granted permission for the establishment of two new pension funds of Anadolu Hayat Emeklilik AŞ. The funds are designated as Anadolu Participation Equity Pension Investment Fund and Anadolu Lease Certificates Participation Pension Investment Fund.

Public Offering and Access Blocking

The application for mediation in the public offering of Destek Investment Securities AŞ was positively received, while it was decided to take legal action for blocking access to 13 websites.