ISSUANCES APPROVED BY THE CAPITAL MARKETS BOARD – JULY 2026
| INITIAL PUBLIC OFFERINGS | |||||
| COMPANY NAME | SALE TYPE | CAPITAL INCREASE | EXISTING SHARE SALE | ADDITIONAL SHARE SALE | SALE PRICE |
| Şa-Ra Enerji İnşaat Ticaret ve Sanayi AŞ | Paid-in Capital Increase + Existing Share Sale | TRY 44,500,000 | TRY 44,500,000 (1) | – | TRY 70.00 (2) |
| Saat ve Saat Sanayi ve Ticaret AŞ | Paid-in Capital Increase + Existing Share Sale + Additional Share Sale | TRY 40,166,973 | TRY 26,777,982 (3) | TRY 13,388,991 (4) | TRY 56.00 (5) |
| Albayrak Hazır Beton Sanayi ve Ticaret AŞ | Paid-in Capital Increase + Existing Share Sale | TRY 49,000,000 | TRY 21,000,000 (6) | – | TRY 38.60 (7) |
| Masfen Enerji AŞ | Paid-in Capital Increase + Existing Share Sale | TRY 55,000,000 | TRY 30,000,000 (8) | – | TRY 45.68 (9) |
| Metgün Enerji Yatırımları AŞ | Paid-in Capital Increase + Existing Share Sale | TRY 90,579,000 | TRY 45,000,000 (10) | – | TRY 20.00 (11) |
| Kardemir Çelik Sanayi AŞ | Paid-in Capital Increase + Existing Share Sale | TRY 110,000,000 | TRY 18,000,000 (12) | – | TRY 35.00 (13) |
| Quick Sigorta AŞ | Paid-in Capital Increase | TRY 48,312,950 | – | – | TRY 76.60 (14) |
| Bewen Enerji AŞ | Paid-in Capital Increase + Existing Share Sale | TRY 56,000,000 | TRY 24,000,000 (15) | – | TRY 48.10 (16) |
(1) Group (C) shares with a nominal value of TRY 35,600,000 held by existing shareholder Şadi TÜRK and TRY 8,900,000 held by existing shareholder Hilkat MOR will be offered in the public offering.
(2) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 70.00.
(3) Shares with a nominal value of TRY 11,506,638 held by Ramazan KAYA, TRY 11,506,638 held by Hamza KAYA, and TRY 3,764,706 held by Nurullah DÖNMEZ, each being a shareholder of Saat ve Saat Sanayi ve Ticaret AŞ, will be offered in the public offering.
(4) In the event of oversubscription, shares with a nominal value of TRY 4,016,697 held by Ramazan KAYA, TRY 4,016,697 held by Hamza KAYA, and TRY 5,355,597 held by Nurullah DÖNMEZ, each being a shareholder of Saat ve Saat Sanayi ve Ticaret AŞ, may be offered as additional shares.
(5) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 56.00.
(6) Group (B) shares with a nominal value of TRY 7,000,000 held by existing shareholder Erdal ALBAYRAK, TRY 7,000,000 held by existing shareholder Şeref ALBAYRAK, and TRY 7,000,000 held by existing shareholder Osman ALBAYRAK will be offered in the public offering.
(7) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 38.60.
(8) Group B shares with a nominal value of TRY 10,000,000 held by existing shareholder Mehmet SONGUR and TRY 20,000,000 held by existing shareholder Kemal Onur KARAKUŞ will be offered in the public offering.
(9) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 45.68.
(10) Group (B) shares with a nominal value of TRY 45,000,000 held by existing shareholder Metin GÜNEŞ will be offered in the public offering.
(11) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 20.00.
(12) Group B shares with a nominal value of TRY 9,000,000 held by existing shareholder Tevfik Önder KARALP, TRY 4,500,000 held by existing shareholder Özge YASTI, and TRY 4,500,000 held by existing shareholder Özlem BAKIREL will be offered in the public offering.
(13) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 35.00.
(14) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 76.60.
(15) Group (C) shares with a nominal value of TRY 10,080,000 held by existing shareholder Beyçelik Holding AŞ, TRY 12,000,000 held by existing shareholder Elewan Energy S.L., TRY 1,600,000 held by existing shareholder Faik Çelik, and TRY 320,000 held by existing shareholder Baran Çelik will be offered in the public offering.
(16) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 48.10.
| SHARE ISSUANCES BY PUBLICLY HELD COMPANIES | ||
| COMPANY NAME | SALE TYPE | ISSUANCE AMOUNT |
| SASA Polyester Sanayi AŞ | Private Placement (Paid-in Capital Increase) | TRY 5,461,052,631.58 |
| Şeker Finansal Kiralama AŞ | Public Offering (Paid-in Capital Increase) | TRY 100,000,000 |
| Vakıf Finansal Kiralama AŞ | Capital Increase from Dividends | TRY 1,000,000,000 |
| Bereket Emeklilik ve Hayat AŞ | Capital Increase from Internal Resources | TRY 170,000,000 |
| Yeo Teknoloji Enerji ve Endüstri AŞ | Capital Increase from Internal Resources + Capital Increase from Dividends | TRY 475,000,000 |
| Vakıf Gayrimenkul Yatırım Ortaklığı AŞ | Capital Increase from Internal Resources | TRY 950,000,000 |
| Tarım Kredi Hayvancılık AŞ | Capital Increase from Internal Resources | TRY 150,000,000 |
| CVK Maden İşletmeleri Sanayi ve Ticaret AŞ | Public Offering (Paid-in Capital Increase) | TRY 2,380,000,000 (1) |
| Karsu Tekstil Sanayii ve Ticaret AŞ | Public Offering (Paid-in Capital Increase) | TRY 105,301,495.26 |
| Katılımevim Tasarruf Finansman AŞ | Capital Increase from Dividends | TRY 4,930,000,000 |
(1) TRY 1,661,902,996 of the capital increase will be offset against amounts previously provided by the Company’s controlling shareholder Hüseyin ÇEVİK as cash loans and capital advances to the Company.
| DEBT INSTRUMENT ISSUANCES | |||
| COMPANY NAME | DEBT INSTRUMENT TYPE | SALE TYPE | ISSUANCE AMOUNT |
| Marbaş Menkul Değerler AŞ | Bond/Commercial Paper | Qualified Investor | TRY 1,800,000,000 |
| Alnus Yatırım Menkul Değerler AŞ | Structured Debt Instrument | Qualified Investor | TRY 1,000,000,000 |
| Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 1,000,000,000 | |
| Yapı Kredi Yatırım Menkul Değerler AŞ | Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 12,000,000,000 |
| Tam Finans Faktoring AŞ | Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 5,356,800,000 |
| Erciyas Çelik Boru Sanayi AŞ | Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 2,500,000,000 |
| Egeyapı Avrupa Gayrimenkul Yatırım Ortaklığı AŞ | Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 1,500,000,000 |
| Kaleseramik Çanakkale Kalebodur Seramik Sanayi AŞ | Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 3,000,000,000 |
| Türkiye Vakıflar Bankası TAO | Bond/Commercial Paper | Public Offering/Private Placement/Qualified Investor | TRY 50,000,000,000 |
| Aktif Yatırım Bankası AŞ | Bond/Commercial Paper/Structured Debt Instrument | Public Offering/Qualified Investor | TRY 35,000,000,000 |
| Bond/Commercial Paper | International | EUR 120,000,000 | |
| Destek Yatırım Bankası AŞ | Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 750,000,000 |
| Bond/Commercial Paper | International | USD 62,500,000 | |
| QNB Bank AŞ | Green/Sustainable Bond/Commercial Paper/Subordinated Debt Instrument | International | USD 1,000,000,000 |
| Şekerbank Türk AŞ | Green/Sustainable Bond/Commercial Paper/Subordinated Debt Instrument | International | USD 350,000,000 |
| Mavi Giyim Sanayi ve Ticaret AŞ | Bond/Commercial Paper | Qualified Investor | TRY 5,000,000,000 |
| TV8 TV Yayıncılık AŞ | Bond/Commercial Paper | Qualified Investor | TRY 3,000,000,000 |
| Tacirler Yatırım Menkul Değerler AŞ | Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 6,500,000,000 |
| İş Yatırım Menkul Değerler AŞ | Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 70,000,000,000 |
| Mercedes Benz Kamyon Finansman AŞ | Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 8,420,000,000 |
| Türkiye Halk Bankası AŞ | Bond/Commercial Paper/Subordinated Debt Instrument | International | USD 5,000,000,000 |
| Reysaş Gayrimenkul Yatırım Ortaklığı AŞ | Bond/Commercial Paper | Qualified Investor | TRY 2,000,000,000 |
| Invest-AZ Yatırım Menkul Değerler AŞ | Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 400,000,000 |
| Ecogreen Enerji Holding AŞ | International | Private Placement/Qualified Investor | USD 300,000,000 |
| D Yatırım Bankası AŞ | Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 4,000,000,000 |
| Derlüks Yatırım Holding AŞ | Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 2,000,000,000 |
| TEB Finansman AŞ | Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 4,000,000,000 |
| Aztek Teknoloji Ürünleri Ticaret AŞ | Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 2,000,000,000 |
| Vestel Beyaz Eşya Sanayi ve Ticaret AŞ | Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 1,000,000,000 |
| Anadolu Isuzu Otomotiv Sanayi ve Ticaret AŞ | Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 3,000,000,000 |
| Garanti Finansal Kiralama AŞ | Bond/Commercial Paper | Qualified Investor | TRY 10,000,000,000 |
| Garanti Faktoring AŞ | Bond/Commercial Paper | International | USD 100,000,000 |
| Hedef Yatırım Bankası AŞ | Bond/Commercial Paper | Private Placement/Qualified Investor | TRY 11,000,000,000 |
| Bond/Commercial Paper | International | USD 120,000,000 | |
| OTHER ISSUANCES | |||||
| COMPANY NAME | CAPITAL MARKETS INSTRUMENT TYPE | NOMINAL ISSUANCE CEILING | SALE TYPE | IN LEASE CERTIFICATE AND ASSET-BACKED SECURITY ISSUANCES | |
| FOUNDER | ORIGINATOR/FUND USER | ||||
| DK Varlık Kiralama AŞ | Management Agreement-Based Lease Certificate | TRY 500,000,000 | Private Placement/Qualified Investor | Dünya Katılım Bankası AŞ | Topçular Endüstriyel Üretim ve Yatırım AŞ |
| Katılım Varlık Kiralama AŞ | Management Agreement-Based Lease Certificate | TRY 1,000,000,000 | Private Placement/Qualified Investor | Vakıf Katılım Bankası AŞ | Hedef Araç Kiralama ve Servis AŞ |
| Pasha Yatırım Bankası AŞ Worqcompany Varlık Finansmanı Fonu | Asset-Backed Security | TRY 1,500,000,000 | Qualified Investor | Pasha Yatırım Bankası AŞ | Worqcompany Dış Ticaret AŞ |
| Emlak Katılım Varlık Kiralama AŞ | Management Agreement-Based Green/Sustainable Lease Certificate | TRY 5,000,000,000 | Private Placement/Qualified Investor | Türkiye Emlak Katılım Bankası AŞ | Türkiye Emlak Katılım Bankası AŞ |
| Hedef Varlık Kiralama AŞ | Management Agreement-Based Lease Certificate | TRY 1,000,000,000 | Private Placement/Qualified Investor | İnfo Yatırım Menkul Değerler AŞ | Seyidoğlu Otomotiv Tamir Bakım ve Park İşletmeciliği Müşavirlik Hizmetleri AŞ |
| Şekerbank TAŞ | Covered Bond (VTMK) | USD 250,000,000 | International | – | – |
| KT Sukuk Varlık Kiralama AŞ | Management Agreement-Based Lease Certificate | TRY 5,000,000,000 | Private Placement/Qualified Investor | Kuveyt Türk Katılım Bankası AŞ | Lokman Hekim Engürüsağ Sağlık Turizm Eğitim Hizmetleri ve İnşaat Taahhüt AŞ |
| Halk Varlık Kiralama AŞ | Management Agreement-Based Lease Certificate | TRY 3,000,000,000 | Private Placement/Qualified Investor | Türkiye Halk Bankası AŞ | Superonline İletişim Hizmetleri AŞ |
| Tera Varlık Kiralama AŞ | Management Agreement-Based Lease Certificate | TRY 12,000,000,000 | Private Placement/Qualified Investor | Tera Yatırım Bankası AŞ | Tera Yatırım Bankası AŞ |
| GY Varlık Kiralama AŞ | Management Agreement-Based Lease Certificate | TRY 3,000,000,000 | Private Placement/Qualified Investor | Gedik Yatırım Menkul Değerler AŞ | Misyon Yatırım Bankası AŞ |
| Golden Global Varlık Kiralama AŞ | Management/Agency Agreement-Based Lease Certificate | TRY 600,000,000 | Private Placement/Qualified Investor | Golden Global Yatırım Bankası AŞ | Milk Academy Süt Ürünleri Sanayi ve Ticaret AŞ |
| Katılım Varlık Kiralama AŞ | Management Agreement-Based Lease Certificate | TRY 4,000,000,000 | Private Placement/Qualified Investor | Vakıf Katılım Bankası AŞ | Teknosa İç ve Dış Ticaret AŞ |
| Katılım Varlık Kiralama AŞ | Management Agreement-Based Lease Certificate | TRY 750,000,000 | Private Placement/Qualified Investor | Vakıf Katılım Bankası AŞ | Smart Güneş Enerjisi Teknolojileri Araştırma Geliştirme Üretim Sanayi ve Ticaret AŞ |
| Ziraat Katılım Varlık Kiralama AŞ | Management/Sale-Purchase Agreement-Based Lease Certificate | TRY 80,000,000,000 | Public Offering/Private Placement/Qualified Investor | Ziraat Katılım Bankası AŞ | Ziraat Katılım Bankası AŞ |
ANNOUNCEMENTS AND PRINCIPLE DECISIONS
Principle Decision No. i-SPK.61.3 (dated 16.07.2026, Decision No. 43/1308) of the Board’s Decision-Making Body
It has been resolved that the legal professionals who prepare the legal due diligence report referred to in Article 16 of Annex 1 to the Communiqué on Lease Certificates No. III-61.1 – issued pursuant to Article 61 and Article 130(3) of the Capital Markets Law No. 6362 dated 06.12.2012 – must qualify as independent legal professionals with no affiliation to the asset-leasing company, the originator, or the fund user, and that the regulatory practice shall be guided accordingly.
