ISSUANCES APPROVED BY THE CAPITAL MARKETS BOARD – AUGUST 2026
| INITIAL PUBLIC OFFERINGS | |||||
| COMPANY NAME | SALE TYPE | CAPITAL INCREASE | EXISTING SHARE SALE | ADDITIONAL SHARE SALE | SALE PRICE |
| Çitlekçi Mağazacılık Gıda AŞ | Paid-in Capital Increase + Existing Share Sale | TRY 30,000,000 | TRY 6,500,000 (1) | – | 73.70 (2) |
| Teknika Plast Teknik Kalıp Plastik Sanayi ve Ticaret AŞ | Paid-in Capital Increase + Existing Share Sale | TRY 25,000,000 | TRY 6,000,000 (3) | – | 85.40 (4) |
| Türker Vangölü Enerji Yatırım AŞ | Paid-in Capital Increase + Existing Share Sale + Additional Share Sale | TRY 37,500,000 | TRY 27,500,000 (5) | TRY 12,500,000 (6) | 136.00 (7) |
| Kapeks Kimya Sanayi AŞ | Paid-in Capital Increase | TRY 25,100,000 | – | – | 94.00 (8) |
| İntetra Teknoloji ve Bilişim Hizmetleri AŞ | Paid-in Capital Increase + Existing Share Sale | TRY 30,000,000 | TRY 10,000,000 (9) | – | 53.60 (10) |
| Bakırcı Gayrimenkul Yatırım Ortaklığı AŞ | Paid-in Capital Increase | TRY 167,000,000 | – | – | 12.93 (11) |
(1) Class B shares with a nominal value of TRY 6,500,000 held by the existing shareholder Tunçlar Yatırım Holding AŞ will be offered to the public.
(2) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 73.70.
(3) Class B shares with a nominal value of TRY 3,000,000 held by existing shareholder Kemal YARALI and Class B shares with a nominal value of TRY 3,000,000 held by existing shareholder Ali Kutay YARALI will be offered to the public.
(4) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 85.40.
(5) Class (B) shares with a nominal value of TRY 27,500,000 held by the existing shareholder Türkerler İnşaat Turizm Madencilik Enerji Üretim Ticaret ve Sanayi AŞ will be offered to the public.
(6) In the event of excess demand, Class B shares with a nominal value of TRY 12,500,000 held by the existing shareholder Türkerler İnşaat Turizm Madencilik Enerji Üretim Ticaret ve Sanayi AŞ may be additionally sold.
(7) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 136.00.
(8) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 94.00.
(9) Class B shares with a nominal value of TRY 10,000,000 held by existing shareholder Mehmet Ömerbeyoğlu will be offered to the public.
(10) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 53.60.
(11) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 12.93.
| SHARE ISSUANCES BY PUBLICLY HELD COMPANIES | ||
| COMPANY NAME | SALE TYPE | ISSUANCE AMOUNT |
| Derlüks Yatırım Holding AŞ | Capital Increase from Internal Resources | TRY 791,897,760 |
| Dinamik Isı Makina Yalıtım Malzemeleri Sanayi ve Ticaret AŞ | Capital Increase from Internal Resources | TRY 400,271,875 |
| Vişne Madencilik Üretim Sanayi ve Ticaret AŞ | Capital Increase from Dividends | TRY 64,350,000 |
| Akfen İnşaat Turizm ve Ticaret AŞ | Capital Increase from Internal Resources | TRY 3,182,920,390 |
| SDT Uzay ve Savunma Teknolojileri AŞ | Capital Increase from Internal Resources | TRY 580,000,000 |
| Orge Enerji Elektrik AŞ | Capital Increase from Internal Resources | TRY 320,000,000 |
| Lider Faktoring AŞ | Capital Increase from Internal Resources | TRY 561,198,000 |
| Bilici Yatırım Sanayi ve Ticaret AŞ | Capital Increase from Internal Resources | TRY 900,000,000 |
| Etiler Gıda ve Ticari Yatırımlar Sanayi ve Ticaret AŞ | Private Placement | – |
| Kalyon Güneş Teknolojileri Üretim AŞ | Private Placement | – |
| DEBT INSTRUMENT ISSUANCES | |||
| COMPANY NAME | DEBT INSTRUMENT TYPE | SALE TYPE | ISSUANCE AMOUNT |
| Brisa Bridgestone Sabancı Lastik Sanayi ve Ticaret AŞ | Bond/Financing Bond | Qualified Investor | TRY 6,000,000,000 |
| Garanti BBVA Operasyonel Kiralama Hizmetleri AŞ | Bond/Financing Bond | Qualified Investor | TRY 30,000,000,000 |
| Quick Finansman AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 1,070,000,000 |
| Hepsi Finansman AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 400,000,000 |
| Arsan Finans Faktoring AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 450,000,000 |
| Strateji Holding AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 200,000,000 |
| Korteks Mensucat Sanayi ve Ticaret AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 7,000,000,000 |
| Ak Yatırım Menkul Değerler AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 13,900,000,000 |
| Oyak Yatırım Menkul Değerler AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 40,000,000,000 |
| Yapı Kredi Yatırım Menkul Değerler AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 22,000,000,000 |
| Arsan Varlık Yönetim AŞ | Bond/Financing Bond | Qualified Investor | TRY 1,400,000,000 |
| AG Anadolu Grubu Holding AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 4,500,000,000 |
| Normfeed Su Ürünleri Yem Sanayi Ticaret AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 300,000,000 |
| Dimes Gıda Sanayi ve Ticaret AŞ | Bond/Financing Bond | Qualified Investor | TRY 2,000,000,000 |
| Deniz Gayrimenkul Yatırım Ortaklığı AŞ | Bond/Financing Bond | Qualified Investor | TRY 2,000,000,000 |
| Eker Süt Ürünleri Gıda Sanayi ve Ticaret AŞ | Bond/Financing Bond | Qualified Investor | TRY 2,000,000,000 |
| Doğan Trend Otomotiv Ticaret Hizmet ve Teknoloji AŞ | Bond/Financing Bond | Qualified Investor | TRY 625,000,000 |
| Mediazz Yeni Medya ve Teknoloji Yatırımları AŞ | Bond/Financing Bond | Qualified Investor | TRY 200,000,000 |
| Vestel Elektronik Sanayi ve Ticaret AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 1,000,000,000 |
| QNB Bank AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 60,000,000,000 |
| İnallar Otomotiv Sanayi ve Ticaret AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 500,000,000 |
| Anadolu Efes Biracılık ve Malt Sanayii AŞ | Bond/Financing Bond | International | USD 1,000,000,000 |
| Akbank TAŞ | Bond/Financing Bond/Subordinated Debt Instrument | International | USD 8,000,000,000 |
| Aktif Yatırım Bankası AŞ | Bond/Financing Bond/Subordinated Debt Instrument | International | EUR 120,000,000 |
| TEB Faktoring AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 2,500,000,000 |
| Türker Yenilenebilir Enerji Yatırım AŞ | Bond/Financing Bond | International | USD 500,000,000 |
| Fibabanka AŞ | Bond/Financing Bond/Subordinated Debt Instrument | International | USD 150,000,000 |
| Peker Gayrimenkul Yatırım Ortaklığı AŞ | Bond/Financing Bond | Qualified Investor | TRY 15,000,000,000 |
| International | EUR 50,000,000 | ||
| Garanti Yatırım Menkul Kıymetler AŞ | Bond/Financing Bond | Qualified Investor | TRY 4,000,000,000 |
| Zorlu Enerji Elektrik Üretim AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 3,500,000,000 |
| Atılım Faktoring AŞ | Bond/Financing Bond | Qualified Investor | TRY 498,000,000 |
| 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 | ||||
| BNP Paribas Issuance B.V. | Investment Institution Warrants and Certificates | TRY 900,000,000 | Public Offering | – | – |
| DK Varlık Kiralama AŞ | Management Agreement-Based Lease Certificate | TRY 25,000,000,000 | Private Placement/Qualified Investor | Dünya Katılım Bankası AŞ | Dünya Katılım Bankası AŞ |
| Pasha Yatırım Bankası AŞ / Maygold Varlık Finansmanı Fonu | Asset-Backed Security | TRY 10,000,000,000 | Qualified Investor | Pasha Yatırım Bankası AŞ | Maygold Varlık Finansmanı Fonu |
| İş Yatırım Menkul Değerler AŞ | Investment Institution Warrants and Certificates | TRY 1,000,000,000 | Public Offering/Qualified Investor | – | – |
| KT Sukuk Varlık Kiralama AŞ | Management Agreement-Based Lease Certificate | TRY 1,060,000,000 | Private Placement and/or Qualified Investor | Kuveyt Türk Katılım Bankası AŞ | Alves Kablo Sanayi ve Ticaret AŞ |
| Bereket Varlık Kiralama AŞ | Management Agreement-Based Lease Certificate | TRY 80,000,000,000 | Private Placement/Qualified Investor | Albaraka Türk Katılım Bankası AŞ | Albaraka Türk Katılım Bankası AŞ |
| Vakıf Varlık Kiralama AŞ | Management Agreement-Based Lease Certificate | TRY 70,000,000,000 | Public Offering/Private Placement/Qualified Investor | Vakıf Katılım Bankası AŞ | Vakıf Katılım Bankası AŞ |
ANNOUNCEMENTS AND PRINCIPLE DECISIONS
Announcement Made Pursuant to the Decision of the Board Decision-Making Body dated 13/08/2026 and numbered 49/1489:
The first paragraph of Section “IV. Language and Notification Method of Material Event Disclosures” of the Material Events Guide of our Board will become applicable to all publicly held companies whose shares are traded on the stock exchange, effective as of 01.10.2026.
Starting from 01.10.2026, it is mandatory that material event disclosures made by publicly held companies whose shares are traded on the stock exchange are published simultaneously in English in addition to Turkish, with the responsibility for the accuracy of the content resting with the relevant company. The disclosure made in English must also include a caveat statement that the Turkish disclosure shall be deemed authoritative.
Until 01.10.2026, the said obligation will continue to apply to companies included in the first group as determined within the framework of the corporate governance regulations of our Board. It is important that publicly held companies newly included within the scope complete the necessary preparations for compliance with the said regulation by 01.10.2026, and that the necessary care and diligence is exercised in compliance with the said obligation, particularly by companies included in the first group.
Principle Decision of the Board Decision-Making Body No. i-SPK.128.29 (dated 13/08/2026 and numbered 49/1500):
Pursuant to the provisions of Article 1 and Article 128/e of the Capital Markets Law, it has been decided by the Board Decision-Making Body to adopt the “Guidelines on Green, Sustainable and Social Capital Market Instruments” and the “Guidelines on Sustainability-Linked Capital Market Instruments”, prepared to replace the “Guidelines on Green Debt Instruments, Sustainable Debt Instruments, Green Lease Certificates, Sustainable Lease Certificates” adopted by the Principle Decision of our Board No. i-SPK 128.18 (dated 24/02/2022 and numbered 10/296), and to grant a 50% discount on the Board fees to be collected pursuant to the relevant provisions of the capital markets legislation in the issuance of capital market instruments within the scope of the Guidelines, in addition to the discount provided for lease certificates by the Board Decision dated 24.06.2016 and numbered 20/710.
- Click here to access the Guidelines on Green, Sustainable and Social Capital Market Instruments.
- Click here to access the Guidelines on Sustainability-Linked Capital Market Instruments.
Principle Decision of the Board Decision-Making Body No. i-SPK.128.30 (dated 27/08/2026 and numbered 51/1568):
PRINCIPLE DECISION OF THE CAPITAL MARKETS BOARD REGARDING THE CRITERIA TO BE PRIORITISED IN THE CONCLUSION OF APPLICATIONS FOR INITIAL PUBLIC OFFERINGS OF SHARES
Applications for initial public offerings submitted to our Board by non-public companies (the “company”) may be concluded on a priority basis, without being subject to the ranking published on the website of our Board, provided that at least one of the following criteria is met and the company so requests.
- The company being the first company to go public and have its shares traded on the stock exchange in the city where its headquarters and the factory/production facility or service offices from which it derives more than 50% of its revenue are located, provided that no change has occurred in the last 5 years,
- The management control of the company being directly or indirectly held by the Ministry of Treasury and Finance of the Republic of Türkiye, Türkiye Varlık Fonu Yönetimi AŞ and public institutions,
- The market value of the shares to be offered to the public exceeding TRY 15,000,000,000 and, subject to the allocation of at least 50% to the international investor group, the submission to our Board of a draft document set prepared in a foreign language for the purpose of conducting the public offering in compliance with the Capital Markets Law and the relevant secondary legislation as well as generally accepted international legislation.
Announcement Regarding Principle Decision of the Board Decision-Making Body No. i-SPK.52.4.an (dated 28/08/2026 and numbered 52/1589):
Pursuant to the decision of the Board Decision-Making Body dated 28.08.2026 and numbered 52/1589, it has been decided to amend the “Definitions” section and Articles (1.2.), (2.), (4.2.3.), (4.2.5.1.), (4.2.5.2.), (4.3.), (4.4.), (4.9.), (6.1.), (6.8.), (9.5.), (12.5.) of the Guide on Investment Funds, adopted as the Principle Decision of our Board No. i-SPK.52.4 (dated 20.06.2014 and numbered 19/614), and to add Articles (4.2.10.), (4.10.), (6.12.), (9.8.) to the Guide.
Click here to access the Guide on Investment Funds.
Announcement Made Pursuant to the Decision of the Board Decision-Making Body dated 28/08/2026 and numbered 52/1589:
Within the framework of the first paragraph of Article 41 of the Communiqué on Portfolio Management Companies and the Principles Regarding Their Activities No. III-55.1 (the “PMC Communiqué”), it has been decided that the initial capital amount set forth in subparagraph (ç) of the first paragraph of Article 5, titled “Conditions for the Establishment of Portfolio Management Companies”, of the PMC Communiqué, and the minimum paid-in capital amount set forth in the fourth paragraph of Article 28, titled “Capital Adequacy Obligations”, shall each be determined, to be effective for the year 2027, as TRY 500,000,000 for full-scope portfolio management companies and TRY 250,000,000 for limited-scope portfolio management companies.
Announcement Regarding Principle Decision of the Board Decision-Making Body No. i-SPK.128.31 (dated 28/08/2026 and numbered 52/1589):
By persons falling within the scope of the first paragraph of Article 27 of the Communiqué on Shares No. VII-128.1 (the “Shares Communiqué”), in any 12-month period;
- more than 2% of the shares or voting rights representing the capital of the company, for companies with a free float ratio above 50%,
- more than 4% of the shares or voting rights representing the capital of the company, for companies with a free float ratio of 50% or below
may not be sold outside the stock exchange, including sales made through special orders, the BİAŞ Wholesale Sales Market (TSP) or transfer/virement methods. The free float ratio prevailing at the date of the sale shall be taken into account as the actual free float ratio.
In the event that shares in excess of the said ratios are intended to be transferred through the aforementioned methods, a pre-transfer share sale information form shall be prepared without applying the conditions set forth in the fifth paragraph of Article 27 and Article 15 of the Shares Communiqué, and such form shall be submitted for the approval of the Board. Without a Board-approved share sale information form, the aforementioned transfers may not be subject to special orders or TSP transactions on the stock exchange, and may not be transferred/virmaned. The responsibility in this regard rests with the shareholder transferring the shares and the investment firms intermediating the transfer.
Sales made outside the stock exchange prior to 29.08.2026 shall not be included in the calculation of the sale ratio that may be made within any 12-month period.
Announcement Regarding Principle Decision of the Board Decision-Making Body No. i-SPK.128.31.a (dated 31/08/2026 and numbered 53/1590):
By persons falling within the scope of the first paragraph of Article 27 of the Communiqué on Shares No. VII-128.1 (the “Shares Communiqué”), in any 12-month period;
- more than 2% of the shares or voting rights representing the capital of the company, for companies with a free float ratio above 50%,
- more than 4% of the shares or voting rights representing the capital of the company, for companies with a free float ratio of 50% or below
may not be sold outside the stock exchange, including sales made through special orders, the BİAŞ Wholesale Sales Market (TSP) or transfer/virement methods. The free float ratio prevailing at the date of the sale shall be taken into account as the actual free float ratio.
In the event that shares in excess of the said ratios are intended to be transferred through the aforementioned methods, a pre-transfer share sale information form shall be prepared without applying the conditions set forth in the fifth paragraph of Article 27 and Article 15 of the Shares Communiqué, and such form shall be submitted for the approval of the Board. Non-exchange-traded shares belonging to shareholders within this scope may not, under any circumstances, be converted into exchange-traded shares without the share sale information form being approved by the Board. Without a Board-approved share sale information form, the aforementioned transfers may not be subject to special orders or TSP transactions on the stock exchange, and may not be transferred/virmaned. The responsibility in this regard rests with the shareholder transferring the shares and the investment firms intermediating the transfer. Sales made outside the stock exchange prior to 29.08.2026 shall not be included in the calculation of the sale ratio that may be made within any 12-month period.
Companies included in the BIST 30 Index and companies whose management control is directly or indirectly held by the Ministry of Treasury and Finance of the Republic of Türkiye, Türkiye Varlık Fonu Yönetimi AŞ and public institutions are not subject to the above provisions; the said restrictions and conditions shall not apply to such companies.
