Recent Developments in Turkish Capital Markets – June 2025

ISSUANCES APPROVED BY THE CAPITAL MARKETS BOARD OF TÜRKİYE – JUNE 2025 

SHARE ISSUANCES of PUBLIC COMPANIES
COMPANY NAME TYPE of SALE SIZE of ISSUANCE
Anadolu Efes Biracılık ve Malt Sanayii A.Ş. Issuance Through Internal Resources TRY 5,328,947,367
Polisan Holding A.Ş. Issuance Through Internal Resources TRY 3,016,276,170
Fenerbahçe Futbol A.Ş. Public Offering TRY 1,000,000,000
Pasifik Gayrimenkul Yatırım Ortaklığı A.Ş. Private Placement (1)

(1) Within the framework of Borsa İstanbul A.Ş.’s “Wholesale Trading Transactions Procedure”, the shares will be sold on a private placement basis to Fatih ERDOĞAN, Abdulkerim FIRAT, and Mehmet ERDOĞAN, at a price to be determined provided that it is not lower than the base price to be determined in accordance with the said procedure, with a total sale amount of TRY 1,000,000,000, and with the existing shareholders’ pre-emptive rights being completely restricted.

 

DEBT INSTRUMENTS ISSUANCES
COMPANY NAME TYPE of DEBT INSTRUMENT TYPE of SALE ISSUANCE LIMIT
Turkcell İletişim Hizmetleri A.Ş. Bonds/Financing Bonds Private Placement / Qualified Investor TRY 10,000,000,000
Derlüks Yatırım Holding A.Ş. Bonds/Financing Bonds Private Placement / Qualified Investor TRY 1,000,000,000
Alves Kablo Sanayi ve Ticaret A.Ş. Bonds/Financing Bonds Private Placement / Qualified Investor TRY 2,000,000,000
TEB Finansman A.Ş. Bonds/Financing Bonds Private Placement / Qualified Investor TRY 1,700,000,000
Turknet İletişim Hizmetleri A.Ş. Bonds/Financing Bonds Private Placement / Qualified Investor TRY 1,000,000,000
Pınar Entegre Et ve Un Sanayii A.Ş. Bonds/Financing Bonds Private Placement / Qualified Investor TRY 2,000,000,000
Fiba Faktoring A.Ş. Bonds/Financing Bonds Private Placement / Qualified Investor TRY 1,116,000,000
Atılım Faktoring A.Ş. Bonds/Financing Bonds Qualified Investor TRY 166,000,000
Aztek Teknoloji Ürünleri Ticaret A.Ş. Bonds/Financing Bonds Private Placement / Qualified Investor TRY 4,000,000,000
Uşak Seramik Sanayi A.Ş. Bonds/Financing Bonds Qualified Investor TRY 500,000,000
Teknosa İç ve Dış Ticaret A.Ş. Bonds/Financing Bonds Private Placement / Qualified Investor TRY 2,000,000,000
Erciyas Çelik Boru Sanayi A.Ş. Bonds/Financing Bonds Private Placement / Qualified Investor TRY 2,500,000,000
Yapı Kredi Finansal Kiralama A.O. Bonds/Financing Bonds Qualified Investor TRY 10,000,000,000
Altınkılıç Gıda ve Süt Sanayi Ticaret A.Ş. Bonds/Financing Bonds Qualified Investor TRY 500,000,000
Creditwest Faktoring A.Ş. Bonds/Financing Bonds Qualified Investor TRY 100,000,000
Dimes Gıda Sanayi ve Ticaret A.Ş. Bonds/Financing Bonds Qualified Investor TRY 500,000,000
Pınar Süt Mamulleri Sanayii A.Ş. Bonds/Financing Bonds Private Placement / Qualified Investor TRY 3,000,000,000
Tam Finans Faktoring A.Ş. Bonds/Financing Bonds Private Placement / Qualified Investor TRY 2,950,000,000
Türkiye Vakıflar Bankası T.A.O. Bonds/Financing Bonds Public Offering / Private Placement / Qualified Investor TRY 50,000,000,000

 

OTHER ISSUANCES
COMPANY NAME TYPE of CAPITAL MARKETS INSTRUMENTS NOMINAL ISSUANCE CAP TYPE of SALE IN THE ISSUANCE OF LEASE CERTIFICATES AND ASSET-BACKED SECURITIES
FOUNDER SOURCE ORGANIZATION/FUND USER
Katılım Varlık Kiralama A.Ş. Lease Certificate Based on Management Agreement TRY 1,000,000,000 Private Placement / Qualified Investor Vakıf Katılım Bankası A.Ş. Karsan Otomotiv Sanayii ve Ticaret A.Ş.
Hayat Varlık Kiralama A.Ş. Lease Certificate Based on Management Agreement TRY 4,000,000,000 Private Placement / Qualified Investor Hayat Finans Katılım Bankası A.Ş. Hayat Finans Katılım Bankası A.Ş.
Fibabanka AŞ Arıcıoğlu Otomotiv Birinci Varlık Finansmanı Fonu Asset-Backed Security TRY 900,000,000 Qualified Investor Fibabanka A.Ş. Arıcıoğlu Otomotiv Sanayi ve Ticaret A.Ş.
Garanti Yatırım Menkul Kıymetler A.Ş. Investment Firm Warrants and Certificates TRY 50,000,000 Public Offering / Qualified Investor
Ata Varlık Kiralama A.Ş. Lease Certificate Based on Management Agreement TRY 1,500,000,000 Private Placement / Qualified Investor Ata Yatırım Menkul Kıymetler A.Ş. Fikret Petrol Ürünleri Pazarlama Sanayi ve Ticaret A.Ş.
Emlak Varlık Kiralama A.Ş. Lease Certificate Based on Management Agreement TRY 1,000,000,000 Private Placement / Qualified Investor Emlak Katılım Bankası A.Ş. Hareket Proje Taşımacılığı ve Yük Mühendisliği A.Ş.
Katılım Varlık Kiralama A.Ş. Lease Certificate Based on Management Agreement TRY 2,500,000,000 Private Placement / Qualified Investor Vakıf Katılım Bankası A.Ş. Hedef Araç Kiralama ve Servis A.Ş.

 

ANNOUNCEMENTS AND BOARD RESOLUTIONS

  • Announcement Pursuant to the Decision of the Capital Markets Board dated 27/06/2025 and numbered 37/1177:

It has been resolved that the following measures and practices, which were set out in the Capital Markets Board’s decision dated 30.05.2025 and numbered 33/1023, as announced in the Capital Markets Board Bulletin dated 30.05.2025 and numbered 2025/32, shall continue to be implemented until the end of the trading session on 29.08.2025:

  • The prohibition of short selling transactions on Borsa Istanbul A.Ş.’s equity markets,
  • The facilitation of share buybacks by publicly held companies,
  • The flexible application of equity ratios during the continuation of margin trading in capital markets.

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