Loan & DebtMay 11, 2026, 03:06 PM
Turkcell Subsidiary to Issue up to TRY 3B Lease Certificates
AI Summary
Turkcell's Board of Directors has approved its wholly-owned subsidiary, Superonline İletişim Hizmetleri A.Ş., to issue lease certificates (sukuk) in the domestic market. The issuance will be for an amount of up to TRY 3 billion, with maturities of up to 12 months. It will be conducted in one or more tranches, without a public offering, as a private placement and/or to be sold to institutional investors, pending approval from the Capital Markets Board.
Key Highlights
- Turkcell's wholly-owned subsidiary Superonline to issue lease certificates (sukuk).
- Issuance amount up to TRY 3 billion.
- Maturities up to 12 months.
- To be issued in the domestic market.
- Issuance will be via private placement and/or to institutional investors.
- The issuance is subject to Capital Markets Board approval.