SPK Approved the Debt Instruments Issuance Applications of 6 Companies

Significant Approvals from SPK: 6 Companies to Issue Debt Instruments

The Capital Markets Board (SPK) has provided significant support to the markets by approving the debt instrument issuance applications of 6 different companies.

Details of the Approved Issuances

According to the information in SPK's weekly bulletin, applications for various types of bonds, financial notes, and lease certificates were evaluated and approved.

In this context, the applications of the following companies were accepted:

• A1 Capital Investment Securities Inc.: 10 billion lira
• Akbank TAŞ: 40 billion lira
• Ünlü Securities Inc.: 1.6 billion lira
• Osmanlı Investment Securities Inc.: 10 billion lira

Foreign Issuance Approvals

Additionally, foreign bond issuances of SASA Polyester Industry Inc. for 500 million euros and Destek Investment Bank Inc. for 23 million dollars were also deemed suitable by the Board.

Approvals for Financing Funds

Fibabanka Inc. was approved for its 800 million lira Boğaziçi Bilişim First Asset Financing Fund, and Pasha Investment Bank Inc. was approved for its 6 billion lira Seyidoğlu Automotive Second Asset Financing Fund’s Asset-Backed Securities (ABS) issuances.

Establishment of New Funds

Various umbrella funds of significant portfolio management companies such as Fonmap Portfolio Management Inc., One Portfolio Management Inc., Phillip Portfolio Management Inc., and PRM CAPITAL Portfolio Management Inc. were also approved by the Board.

Violations and Fines

The SPK imposed an administrative fine of 37 million 10 thousand 900 lira on Sanica Heat Industry Inc.. Furthermore, it was announced that necessary legal steps would be taken to block access to 16 internet sites providing unauthorized cryptocurrency services.