Loan & DebtSep 24, 2026, 02:09 PM
Turkcell Subsidiary to Issue Up to TRY 6 Billion in Lease Certificates
AI Summary
Turkcell İletişim Hizmetleri A.Ş. announced its wholly-owned subsidiary, Turkcell Finansman A.Ş., has received board approval to issue management agreement-based lease certificates (sukuk). The total issuance amount can be up to TRY 6 billion, with maturities not exceeding 12 months. These certificates will be offered in the domestic market through private placement and/or to institutional investors, subject to the approval of the Capital Markets Board.
Key Highlights
- Turkcell Finansman A.Ş. may issue lease certificates (sukuk) up to TRY 6 billion.
- The certificates will have maturities of up to 12 months.
- Issuances will be in the domestic market, in one or more tranches.
- The issuance will be conducted as a private placement and/or to institutional investors.
- The issuances are subject to approval from the Capital Markets Board.
Price Impact
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