Recent Developments in Turkish Capital Markets – 2026 June

ISSUANCES APPROVED BY THE CAPITAL MARKETS BOARD – JUNE 2026

 

INITIAL PUBLIC OFFERINGS
COMPANY NAME TYPE OF SALE ISSUANCE AMOUNT EXISTING SHARE SALE ADDITIONAL SHARE SALE OFFER PRICE
Beta Enerji ve Teknoloji AŞ Capital Increase + Existing Share Sale TRY 55,000,000 TRY 5,750,000 (1) 40,00 (2)
Orzaks İlaç ve Kimya Sanayi Ticaret AŞ Capital Increase + Existing Share Sale TRY 31,500,000 TRY 21,000,000 (3) 69,00 (4)
Ekim Turizm Ticaret ve Sanayi AŞ Capital Increase + Existing Share Sale TRY 132,000,000 TRY 30,000,000 (5) 30,26 (6)
Soho Giyim ve Enerji AŞ Capital Increase TRY 100,000,000 15,00 (7)
İsvea Seramik ve Banyo Ürünleri Sanayi AŞ Capital Increase + Existing Share Sale TRY 60,000,000 TRY 7,000,000 (8) 20,90 (9)
Golda Gıda Sanayi ve Ticaret AŞ Capital Increase + Existing Share Sale TRY 50,000,000 TRY 37,499,998 (10) 9,20 (11)

 

(1) Group (B) shares with a nominal value of TRY 1,955,000 held by existing shareholder Sabit DAĞSUYU, TRY 1,897,500 held by Yusuf Cenk DAĞSUYU, and TRY 1,897,500 held by Hakkı Mert DAĞSUYU 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 40.00.

(3) Group (B) shares with a nominal value of TRY 21,000,000 held by existing shareholder Yunus Emre ALİMOĞLU will be offered in the public offering.

(4) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 69.00.

(5) Group (B) shares with a nominal value of TRY 30,000,000 held by existing shareholder Ali Vural AK will be offered in the public offering.

(6) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 30.26.

(7) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 15.00.

(8) Group (B) shares with a total nominal value of TRY 7,000,000 held by existing shareholders – TRY 3,710,000 held by Erdem ÇENESİZ, TRY 980,000 held by Neslihan ONUR, TRY 980,000 held by Münevver ÇENESİZ, TRY 980,000 held by Ahmet ÇENESİZ, and TRY 350,000 held by Nuri Bülent ONUR – 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 20.90.

(10) Group (B) shares with a nominal value of TRY 37,499,998 held by existing shareholder Bera Holding AŞ 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 9.20.

 

SHARE ISSUANCES OF PUBLICLY HELD COMPANIES
COMPANY NAME TYPE OF SALE ISSUANCE AMOUNT
Türkiye Sigorta AŞ Capital Increase from Profit Shares TRY 10,000,000,000
Goodyear Lastikleri Türk AŞ Capital Increase from Internal Resources TRY 1,250,000,000
Ulusal Faktoring AŞ Capital Increase from Internal Resources TRY 540,000,000
İhlas Holding AŞ Public Offering (Rights Issue) TRY 1,500,000,000
SASA Polyester Sanayi AŞ Private Placement (Rights Issue) TRY 785,263,157.89
Ostim Endüstriyel Yatırımlar ve İşletme AŞ Capital Increase from Internal Resources TRY 206,500,000
BMS Birleşik Metal Sanayi ve Ticaret AŞ Capital Increase from Internal Resources TRY 150,000,000
İş Girişim Sermayesi Yatırım Ortaklığı AŞ Capital Increase from Internal Resources TRY 414,951,158.73

 

 

ISSUANCES OF DEBT INSTRUMENTS
COMPANY NAME TYPE OF DEBT INSTRUMENT TYPE OF SALE ISSUANCE AMOUNT
Burgan Finansal Kiralama AŞ Bond/Commercial Paper Private Placement/Qualified Investor TRY 4,000,000,000
Bond/Commercial Paper International USD 100,000,000
QNB Bank AŞ Bond/Commercial Paper/Subordinated Debt Instrument International USD 4,000,000,000
Margün Enerji Üretim Sanayi ve Ticaret AŞ Green/Sustainable Bond/Commercial Paper International USD 350,000,000
İş Enerji Yatırımları AŞ Bond/Commercial Paper International USD 250,000,000
Oyak İnşaat AŞ Bond/Commercial Paper Private Placement TRY 10,000,000,000
Çağdaş Faktoring AŞ Bond/Commercial Paper Qualified Investor TRY 4,224,500,000
VDF Faktoring AŞ Bond/Commercial Paper Qualified Investor TRY 1,500,000,000
Sümer Varlık Yönetimi AŞ Bond/Commercial Paper Qualified Investor TRY 8,000,000,000
Şeker Yatırım Menkul Değerler AŞ Bond/Commercial Paper Qualified Investor TRY 4,000,000,000
Creditwest Faktoring AŞ Bond/Commercial Paper Qualified Investor TRY 670,000,000
Deva Holding AŞ Bond/Commercial Paper Private Placement/Qualified Investor TRY 4,000,000,000
Pınar Süt Mamulleri Sanayii AŞ Bond/Commercial Paper Private Placement/Qualified Investor TRY 2,500,000,000
Tera Yatırım Bankası AŞ Bond/Commercial Paper Private Placement/Qualified Investor TRY 12,000,000,000
Bond/Commercial Paper International USD 50,000,000
Aytemiz Yatırım Bankası AŞ Bond/Commercial Paper Private Placement/Qualified Investor TRY 5,000,000,000
Bond/Commercial Paper International EUR 50,000,000
Ak Finansal Kiralama AŞ Bond/Commercial Paper International USD 150,000,000
Ulusal Faktoring AŞ Bond/Commercial Paper Qualified Investor TRY 300,000,000
İstanbul Faktoring AŞ Bond/Commercial Paper Private Placement/Qualified Investor TRY 300,000,000
Quick Finansman AŞ Bond/Commercial Paper Private Placement/Qualified Investor TRY 270,000,000
Deniz Eko Enerji ve Geri Dönüşüm AŞ Bond/Commercial Paper Private Placement/Qualified Investor TRY 1,000,000,000
Turkcell İletişim HizmeTRYeri AŞ Bond/Commercial Paper Private Placement/Qualified Investor TRY 15,000,000,000
Ata Yatırım Menkul KıymeTRYer AŞ Bond/Commercial Paper Qualified Investor TRY 450,000,000
Midas Menkul Değerler AŞ Bond/Commercial Paper Private Placement/Qualified Investor TRY 1,450,000,000
Bulls Yatırım Menkul Değerler AŞ Bond/Commercial Paper Private Placement/Qualified Investor TRY 5,450,000,000
Deniz Finansal Kiralama AŞ Bond/Commercial Paper International EUR 50,000,000
Adil Varlık Yönetim AŞ Bond/Commercial Paper Private Placement/Qualified Investor TRY 500,000,000
Yapı Kredi Faktoring AŞ Bond/Commercial Paper Private Placement/Qualified Investor TRY 6,800,000,000
Koç Finansman AŞ Bond/Commercial Paper Private Placement/Qualified Investor TRY 1,400,000,000
Türkiye Garanti Bankası AŞ Bond/Commercial Paper/Subordinated Debt Instrument International USD 6,000,000,000
İş Gayrimenkul Yatırım Ortaklığı AŞ Bond/Commercial Paper Private Placement/Qualified Investor TRY 10,000,000,000
Ak Yatırım Menkul Değerler AŞ Bond/Commercial Paper Private Placement/Qualified Investor TRY 15,000,000,000

 

 

OTHER ISSUANCES
COMPANY NAME CAPITAL MARKET INSTRUMENT TYPE NOMINAL ISSUANCE CEILING TYPE OF SALE LEASE CERTIFICATE AND ASSETBACKED SECURITIES ISSUANCES
FOUNDER ORIGINATOR/FUND USER
TMKŞ Fibabanka Altıncı Varlık Finansmanı Fonu Asset-Backed

Security

TRY 50,000,000,000 Private Placement/Qualified Investor Birleşik İpotek Finansmanı AŞ Fibabanka AŞ
D Varlık Kiralama AŞ Management Agreement-Based Lease Certificate TRY 1,000,000,000 Private Placement/Qualified Investor D Yatırım Bankası AŞ Ege Yapı AŞ
Katılım Varlık Kiralama AŞ Management Agreement-Based Lease Certificate TRY 6,000,000,000 Private Placement/Qualified Investor Vakıf Katılım Bankası AŞ Brisa Bridgestone Sabancı öLastik Sanayi ve Ticaret AŞ
Katılım Varlık Kiralama AŞ Management Agreement-Based Lease Certificate TRY 2,500,000,000 Private Placement/Qualified Investor Vakıf Katılım Bankası AŞ Karsan Otomotiv Sanayii ve Ticaret AŞ
Halk Varlık Kiralama AŞ Management Agreement-Based Lease Certificate TRY 1,500,000,000 Private Placement/Qualified Investor Türkiye Halk Bankası AŞ Halk Finansal Kiralama AŞ
Değer Varlık Kiralama AŞ Management Agreement-Based Lease Certificate TRY 400,000,000 Private Placement/Qualified Investor Albaraka Türk Katılım Bankası AŞ Tarfin Tarım AŞ
Hedef Varlık Kiralama AŞ Management Agreement-Based Lease Certificate TRY 325,000,000 Private Placement/Qualified Investor İnfo Yatırım Menkul Değerler AŞ Haver Farma İlaç AŞ
Ahlatcı Varlık Kiralama AŞ Management Agreement-Based Lease Certificate TRY 1,000,000,000 Private Placement/Qualified Investor Ahlatcı Yatırım Menkul Değerler AŞ Ahlatcı Yatırım Menkul Değerler AŞ
Emlak Varlık Kiralama AŞ Management Agreement-Based Green/Sustainable Lease Certificate TRY 4,000,000,000 Private Placement/Qualified Investor Türkiye Emlak Katılım Bankası AŞ Garanti Finansal Kiralama AŞ
Pasha Yatırım Bankası AŞ Vaden Otomotiv Varlık DK Yıldız Varlık Finansman Fonu Asset-Backed Security TRY 10,000,000,000 Qualified Investor Pasha Yatırım Bankası AŞ Vaden Otomotiv Sanayi ve Ticaret AŞ
DK Yıldız Varlık Kiralama AŞ Management Agreement-Based Lease Certificate TRY 250,000,000 Private Placement/Qualified Investor Dünya Katılım Bankası AŞ Filokur Araç Kiralama HizmeTRYeri ve Ticaret AŞ
DK Varlık Kiralama AŞ Management Agreement-Based Lease Certificate TRY 9,500,000,000 Private Placement/Qualified Investor Dünya Katılım Bankası AŞ Dünya Katılım Bankası AŞ
ZKB Varlık Kiralama AŞ Management Agreement-Based Lease Certificate TRY 3,000,000,000 Private Placement/Qualified Investor Ziraat Katılım Bankası AŞ İstanbul Memorial Sağlık Yatırımları AŞ
Bizim Varlık Kiralama AŞ Management Agreement-Based Lease Certificate TRY 500,000,000 Private Placement/Qualified Investor Bizim Menkul Değerler AŞ Kuzuoğlu Su Ürünleri Sanayi ve Ticaret AŞ

 

 

PENSION INVESTMENT FUND SHARES
FOUNDER FUND REGISTERED AMOUNT NUMBER OF REGISTERED SHARES INITIAL AMOUNT FINAL AMOUNT
Katılım Emeklilik ve

Hayat AŞ

Katılım Emeklilik ve Hayat AŞ

Katılım Karma Emeklilik

Yatırım Fonu

TRY 10,000,000,000 TRY 1,000,000,000,000

 

 

ANNOUNCEMENTS AND PRINCIPLE DECISIONS

Announcement Regarding the Board Decision-Making Body’s Principle Decision No. i-SPK.67.1 (dated 04/06/2026 and numbered 34/1044):

Regarding the determination of the concept of the free float ratio for companies whose shares are traded on the Borsa İstanbul AŞ Equity Market:

  1. It has been decided to add, following paragraph (A), to Principle Decision No. 21/655 dated 23.07.2010 (as amended by Principle Decisions No. 24/729 dated 19.08.2010, No. 5/157 dated 17.02.2011, and No. 31/1059 dated 30.10.2014), a new paragraph (B) providing that “the issuer shares corresponding to the participation share ownership ratio in the relevant fund, held by persons whose shares are excluded from the free float ratio calculation under paragraph (A) due to their free or private fund participation shares, shall also be excluded from the concept of the free float ratio,” and to renumber the other paragraphs of the decision accordingly;
  2. It has been decided that free float share count and free float ratio data will be calculated daily by the Central Securities Depository (Merkezi Kayıt Kuruluşu AŞ), effective as of 15.06.2026 within the scope of this amendment.

 

Announcement Made Pursuant to the Board Decision-Making Body’s Decision dated 13/06/2026 and numbered 36/1097:

It has been decided that the measures and practices provided for in the Board Decision-Making Body’s Decision dated 30.05.2026 and numbered 33/993 (announced in our Board’s bulletin dated 30.05.2026 and numbered 2026/33) – namely (i) the prohibition of short selling transactions in the Borsa İstanbul AŞ equity markets, and (ii) the continued application of a relaxed equity ratio for the duration of margin trading transactions – will continue to be applied until the end of the trading session on 26.06.2026.

 

Board Decision-Making Body’s Principle Decision No. i-SPK.37.9 (dated 17/06/2026 and numbered 37/1118):

It has been decided to add the following provision to the “Guide on Investment Services and Activities and Investment Firms,” under the heading “G. Trading Intermediation Activity,” following provision “3. Borsa İstanbul AŞ Membership of Banks Trading Solely for Their Own Portfolio”.

 

4. Banks’ Order Transmission Intermediation Activities Abroad

 

Deposit banks or participation banks may not engage in order transmission intermediation activities for shares, and derivative instruments based on shares and share indices, abroad. For their customers who wish to carry out purchase and sale transactions abroad in shares and derivative instruments based on shares and share indices, these banks may act as intermediary in opening accounts with brokerage firms authorized by our Board to engage in foreign trading intermediation activities, with which they have signed order transmission intermediation agreements, or may transmit orders to such firms.

The current version of the Guide is published on Board’s website.

 

 Click here to access the Guide.

 

Announcement Made Pursuant to the Board Decision-Making Body’s Decision dated 17/06/2026 and numbered 37/1118:

It has been decided to publicly announce that Article 1 of the Board Decision-Making Body’s Decision dated 27.02.2015 and numbered 5/263 (announced in the Board Bulletin dated 27.02.2015 and numbered 2015/5) has been amended to read as follows: “Without prejudice to the matters set out in our Board’s Decision dated 27.11.2017 and numbered 43/1445 regarding the prohibition on spot or derivative transactions based on crypto assets, purchase and sale transactions relating to exchange-traded funds traded on foreign exchanges are not within the scope of the Communiqué, and may be carried out by investment firms in accordance with the provisions on order transmission intermediation or trading intermediation under the Communiqué No. III-37.1 on the Principles Regarding Investment Services and Activities and Ancillary Services.

 

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