ISSUANCES APPROVED BY THE CAPITAL MARKETS BOARD – MARCH 2026
| INITIAL PUBLIC OFFERINGS | |||||
| COMPANY NAME | TYPE OF SALE | ISSUE AMOUNT | SALE OF EXISTING SHARES | ADDITIONAL SHARE SALE | OFFER PRICE |
| Ağaoğlu Avrasya
Gayrimenkul Yatırım Ortaklığı AŞ
|
Capital Increase + Sale of Existing Shares | TRY 3,713,600,000
|
TRY 70,348,000
(1) |
– | 21,10
(2) |
(1) Group (B) shares with a nominal value of 70,348,000 TRY held by existing shareholder Ali İBRAHİMAĞAOĞLU will be subject to the public offering.
(2) Shares with a nominal value of TRY 1 will be offered for sale at a fixed price of TRY 21.10.
| SHARE ISSUANCES BY PUBLICLY TRADED COMPANIES | ||
| COMPANY NAME | TYPE OF SALE | ISSUE AMOUNT |
| Formet Metal ve Cam Sanayi AŞ | Private Placement | (1) |
| Osmanlı Yatırım Menkul Değerler AŞ (*) | Paid-in Capital İncrease | (2) |
| Link Bilgisayar Sistemleri Yazılımı ve Donanımı Sanayi ve Ticaret AŞ | Capital Increase from Internal Resources | TRY 870,004,835.20 |
| Creditwest Faktoring AŞ | Capital Increase from Internal Resources | TRY 200,000,000 |
| QNB Finansal Kiralama AŞ | Public Offering (Paid-in Capital İncrease) | TRY 500,000,000 |
(*) See Other Application Results, Item No: 1
(1). The application for the approval of the issuance certificate prepared in connection with the capital increase of Formet Metal ve Cam Sanayi AŞ (the Company), within its registered capital ceiling of TRY 2,000,000,000, from its issued capital of TRY 1,076,261,904, via a private placement to be conducted on the basis of the share sale price to be determined under Borsa İstanbul AŞ’s (the Stock Exchange) Procedures Regarding Wholesale Buying and Selling Transactions (the Procedures), with a total sales revenue of TRY 285,000,000, with the pre-emptive rights of existing shareholders being fully restricted, and allocated to the Company’s shareholder Mustafa SEZEN and to Mehmet PÜSKÜLLÜ, Atıl ÖZDOĞAN, Ahmet Hakan HAKKURAN, Orhan BAŞMISIRLI, Nail TARHAN, Hamdi ÖNEL, Burak DÖRTDUDAK, Cengiz Hakan ARSLAN, Mustafa KEÇECİ, Enes DEMİR, Mehmet MIHÇI, Mehmet ANADUT and Ramazan ALICI, has been resolved to be approved subject to the following conditions: a) the share sale price shall be determined for all persons participating in the private placement capital increase at a level not lower than the higher of TRY 4.43, being the adjusted highest sale price in transactions carried out by Mustafa SEZEN in Company shares within the past one year, and the base prices to be determined pursuant to the Stock Exchange’s Procedures; b) the nominal amount of the shares to be issued shall be determined based on the established share sale price, and the issuance certificate shall be amended to include the relevant nominal amount and price information; and c) the Central Registry Agency (CRA) shall be notified in order to take the necessary measures to implement the lock-up undertakings given by the participants of the private placement capital increase, pursuant to which shares acquired through the private placement shall not be sold on the Stock Exchange for a period of 1 year from the date they are credited to the relevant accounts at the CRA.
(2). The application for the approval of the issuance certificate prepared in connection with the conditional capital increase of Osmanlı Yatırım Menkul Değerler AŞ (the Company), within its registered capital ceiling of TRY 5,000,000,000, from its issued capital of TRY 400,000,000 to TRY 402,045,347, with the pre-emptive rights of existing shareholders being fully restricted, to be carried out through the exercise of share options granted to employees under employee share ownership programs, whereby shares with a nominal value of TRY 2,045,347 are planned to be allocated to Company employees, has been resolved to be approved subject to the condition that the nominal value of the shares to be allocated to the employees subject to the capital increase is netted and the issuance certificate is updated accordingly and resubmitted to the Board.
| ISSUANCES OF DEBT INSTRUMENTS |
| COMPANY NAME | TYPE OF ISSUANCE | TYPE OF SALE | ISSUE AMOUNT |
| Tacirler Yatırım Menkul Değerler AŞ | Bond/Financing Bond | Qualified Investor | TRY 7,000,000,000 |
| Yapı Kredi Yatırım Menkul Değerler AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 20,000,000,000 |
| Misyon Yatırım Bankası AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 2,000,000,000 |
| Tat Gıda Sanayi AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 2,000,000,000 |
| Koç Finansman AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 1,200,000,000 |
| Yafa Mühendislik Müşavirlik İnşaat Sanayi ve Ticaret AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 500,000,000 |
| Arzum Elektrikli Ev Aletleri Sanayi ve Ticaret AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 305,000,000 |
| Destek Yatırım Bankası AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 600,000,000 |
| Destek Yatırım Bankası AŞ | Bond/Financing Bond | Foreign Market | USD 15,000,000 |
| Türkiye Garanti Bankası AŞ | Green/Sustainable Bond/Financing Bond/Capital-like Debt Security | Foreign Market | USD 2,000,000,000 |
| Çağdaş Faktoring AŞ | Bond/Financing Bond | Qualified Investor | TRY 973,750,000 |
| Turk Finansman AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 790,000,000 |
| Mint Finansman AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 1,000,000,000 |
| Pınar Entegre Et ve Un Sanayii AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 2,500,000,000 |
| Opet Petrolcülük AŞ | Green Bond | Private Placement/Qualified Investor | TRY 250,000,000 |
| Türk Ekonomi Bankası AŞ | Bond/Capital-like Debt Security | Foreign Market | USD 2,000,000,000 |
| Garanti Faktoring AŞ | Bond/Financing Bond | Qualified Investor | TRY 20,000,000,000 |
| İş Yatırım Menkul Değerler AŞ | Structured Debt Security | Qualified Investor | TRY 10,000,000,000 |
| Yatırım Finansman Menkul Değerler AŞ | Structured Debt Security | Qualified Investor | TRY 250,000,000 |
| Yatırım Finansman Menkul Değerler AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 2,000,000,000 |
| Eko Faktoring AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 100,000,000 |
| Tera Yatırım Bankası AŞ | Bond/Financing Bond | Private Placement/Qualified Investor | TRY 10,000,000,000 |
| Nurol Yatırım Bankası AŞ | Bond/Financing Bond | Foreign Market | USD 100,000,000 |
| ING Bank AŞ | Bond/Financing Bond/Capital-like Debt Security | Foreign Market | USD 200,000,000 |
| Denizbank AŞ | Bond/Financing Bond | Qualified Investor | TRY 25,000,000,000 |
| Denizbank AŞ | Bond/Financing Bond/Capital-like Debt Security (1) | Foreign Market | USD 3,000,000,000 |
| Denizbank AŞ | Green/Sustainable Bond/Financing Bond | Foreign Market | USD 2,000,000,000 |
| Hedef Yatırım Bankası AŞ | Bond/Financing Bond | Qualified Investor | TRY 1,900,000,000 |
| Mediazz Yeni Medya ve Teknoloji Yatırımları AŞ | Bond/Financing Bond | Qualified Investor | TRY 250,000,000 |
| Fair Finansman AŞ | Bond/Financing Bond | Qualified Investor | TRY 300,000,000 |
| Güriş Holding AŞ | Bond/Financing Bond | Foreign Market | USD 350,000,000 |
(1) It includes debt instruments of which the portion corresponding to USD 1,000,000,000 or its equivalent in foreign currency/Turkish Lira shall be included in the equity calculation.
| OTHER ISSUANCES | |||||
| COMPANY NAME | TYPE OF CAPITAL MARKET INSTRUMENT | NOMINAL ISSUE CEILING | TYPE OF SALE | LEASE CERTIFICATE AND ASSET-BACKED SECURITIES ISSUANCES | |
| ORIGINATING INSTITUTION | SOURCE INSTITUTION / FUND USER | ||||
| KT Kira Sertifikaları Varlık Kiralama AŞ | Lease Certificate Based on a Purchase and Sale and/or Management Agreement | TRY 30,000,000,000 | Private Placement/ Qualified Investor | Kuveyt Türk Katılım Bankası AŞ | Kuveyt Türk Katılım Bankası AŞ |
| KT Sukuk Varlık Kiralama AŞ | Lease Certificate Based on a Management Agreement | TRY 5,000,000,000 | Private Placement/ Qualified Investor | Kuveyt Türk Katılım Bankası AŞ | Sukkar Şeker Üretim AŞ |
| Levent Varlık Kiralama AŞ | Lease Certificate Based on a Management Agreement | TRY 5,000,000,000 | Private Placement/ Qualified Investor | İş Yatırım Menkul Değerler AŞ | İş Gayrimenkul Yatırım Ortaklığı AŞ |
| TMKŞ Golden Global Bank Birinci Katılım Varlık Finansmanı Fonu | Asset-Backed Security | TRY 2,000,000,000 | Private Placement/ Qualified Investor | Birleşik İpotek Finansmanı AŞ | Golden Global Yatırım Bankası AŞ |
| TMKŞ Fair Finansman İkinci Varlık Finansmanı Fonu | Asset-Backed Security | TRY 2,000,000,000 | Private Placement/ Qualified Investor | Birleşik İpotek Finansmanı AŞ | Fair Finansman AŞ |
| D Varlık Kiralama AŞ | Lease Certificate Based on a Management Agreement | TRY 2,000,000,000 | Private Placement/ Qualified Investor | D Yatırım Bankası AŞ | Defacto Perakende Ticaret AŞ |
| Yatırım Varlık Kiralama AŞ | Lease Certificate Based on a Management Agreement | TRY 3,000,000,000 | Qualified Investor | Türkiye Sınai Kalkınma Bankası AŞ | Dof Robotik AŞ |
| TMKŞ Akbank Birinci Varlık Finansmanı Fonu | Asset-Backed Security | TRY 75,000,000,000 | Private Placement/ Qualified Investor | Birleşik İpotek Finansmanı AŞ | Akbank TAŞ |
| Ata Varlık Kiralama AŞ | Lease Certificate Based on a Management Agreement | TRY 1,000,000,000 | Private Placement/ Qualified Investor | Ata Yatırım Menkul Kıymetler AŞ | Fikret Petrol Ürünleri Pazarlama Sanayi ve Ticaret AŞ |
| Katılım Varlık Kiralama AŞ | Lease Certificate Based on a Management Agreement | TRY 200,000,000 | Private Placement/ Qualified Investor | Vakıf Katılım Bankası AŞ | Milk Academy Süt Ürünleri Sanayi ve Ticaret AŞ |
| Golden Global Varlık Kiralama AŞ | Lease Certificate Based on a Management and/or Purchase and Sale Agreement | TRY 7,000,000,000 | Private Placement/ Qualified Investor | Golden Global Yatırım Bankası AŞ | Golden Global Yatırım Bankası AŞ |
| Katılım Varlık Kiralama AŞ | Lease Certificate Based on a Management Agreement | TRY 500,000,000 | Private Placement/ Qualified Investor | Vakıf Katılım Bankası AŞ | Akademi Çevre Entegre Atık Yönetimi Endüstri AŞ |
ANNOUNCEMENTS AND PRINCIPLE DECISIONS
- Announcement Pursuant to the Decision of the Board’s Decision-Making Body dated 01/03/2026 and numbered 11/417:
Taking into consideration the developments in the Borsa İstanbul A.Ş. markets, within the framework of Article 1 of the Capital Markets Law No. 6362 (CML), and based on Article 128/1-(a) of the CML No. 6362, in order to ensure the functioning of capital markets in a reliable, transparent, and stable environment and to protect the rights and interests of investors, it has been resolved that: A) a) Short selling transactions in Borsa İstanbul A.Ş. equity markets shall be prohibited from March 2, 2026, until the end of the trading session on March 6, 2026; b) investors and investment firms shall be informed that positions opened and closed within the same day without using the short sale button are also covered by the aforementioned prohibition; c) investment firms shall be reminded that the responsibility for monitoring and ensuring compliance with the Board’s decision lies with them,
- B) Pursuant to Article 17 of the Communiqué on Margin Trading, Short Selling, and Lending and Borrowing of Capital Market Instruments (Serial: V, No: 65), the provision requiring a minimum equity maintenance ratio of 35% during margin trading transactions may be applied flexibly as a minimum of 20% until the end of the trading session on March 6, 2026, to the extent that it aligns with the brokerage firms’ own risk policies and by considering client demands as much as possible.
- Announcement Made Pursuant to the Decision of the Board’s Decision-Making Body Dated 08/03/2026 and Numbered 13/473:
It has been resolved to continue the implementation of the measures and practices set forth in the Decision of the Board’s Decision-Making Body dated 01.03.2026 and numbered 11/417, which was announced in the Board’s bulletin dated 01.03.2026 and numbered 2026/11, until the end of the trading session on 13.03.2026 regarding:
– The prohibition of short-selling transactions in the Borsa İstanbul A.Ş. equity markets,
– The flexible application of equity ratios for the duration of margin trading (credit-based) capital market transactions.
- Principle Decision of the Board’s Decision-Making Body, No. i-SPK.37.8 (Dated 10/03/2026 and Numbered 14/492)
At the meeting of the Board’s Decision-Making Body dated 10.03.2026 and numbered 14, it has been resolved that: customers who have acquired the status of professional client and/or qualified investor by virtue of the financial thresholds set out in the applicable legislation shall retain such status even if they subsequently fall below the financial thresholds prescribed by the legislation; investment firms shall request and retain from investors the documents evidencing their qualified investor status in the same manner as required for professional clients; and electronic means may be used for the submission of documents establishing qualified investor status and for qualified investor declarations, as well as for requests to be accepted as professional clients on an elective basis.
In addition, persons who satisfy only condition (b), the financial assets condition, set out in the first paragraph of Article 32 of the Communiqué on the Establishment and Operating Principles of Investment Firms, No. III-39.1, are also accepted as qualified investors, in addition to professional clients including those accepted as such on an elective basis. The principles determined in this context have been formalized as a Principle Decision and added under the heading “BB. Matters Relating to Professional Clients and Qualified Investors” to the “Guide on Investment Services, Activities and Investment Firms” adopted as Principle Decision No. i-SPK.37.1 (dated 27.06.2014 and numbered 20/661), and the updated version of the Guide is published on the Board’s website.
- Announcement Pursuant to the Decision of the Board’s Decision-Making Body dated 15/03/2026 and numbered 15/517:
It has been resolved to continue applying, until the end of the session on 27.03.2026, the measures and practices regarding the prohibition of short selling transactions in Borsa İstanbul AŞ equity markets and the flexible application of the equity ratio for the duration of margined capital market instrument transactions, as announced in the Board’s bulletin dated 08.03.2026 and numbered 2026/13, pursuant to the Decision of the Board’s Decision-Making Body dated 08.03.2026 and numbered 13/473.
- Announcement Pursuant to the Decision of the Board’s Decision-Making Body dated 26/03/2026 and numbered 18/617:
It has been resolved that the deadline granted under the fifth paragraph of Provisional Article 1, entitled “Operating License Application Period and Compliance with the Provisions of this Communiqué”, of the Communiqué on the Establishment and Operating Principles of Crypto Asset Service Providers, No. III-35/B.1 (the Communiqué), for platforms to execute custody agreements with custodian institutions within the scope of their operating license applications and to submit such agreements to the Board, as well as the deadline granted under the third paragraph of the same provisional article for crypto asset service providers listed in the List of Active Entities to obtain their authorization certificates, shall be determined following the commencement by the custodian institutions to be authorized by the Board of widespread crypto asset custody services to platforms.
- Announcement Pursuant to the Decision of the Board’s Decision-Making Body dated 28.03.2026 and numbered 19/625:
It has been resolved to continue applying, until the end of the session on 10.04.2026, the measures and practices regarding the prohibition of short selling transactions in Borsa İstanbul AŞ equity markets and the flexible application of the equity ratio for the duration of margined capital market instrument transactions, as announced in the Board’s bulletin dated 15.03.2026 and numbered 2026/15, pursuant to the Decision of the Board’s Decision-Making Body dated 15.03.2026 and numbered 15/517.