Ak Yatırım completes 5 million lira structured debt issue

Ak Yatırım Menkul Değerler completed a 5 million lira structured debt issue on October 13, according to its KAP disclosure. The instrument has a 36-day term and matures on November 18.

The debt instrument is linked to ENKAI shares, has a variable interest rate and will not trade on an exchange. The filing lists 5 million lira as the principal repayment at maturity.

For Ak Yatırım, this is a short-term borrowing, not a sale of shares; the company is due to repay the principal at maturity. The disclosure says the issue was made under a 2,500,000,000 lira issuance ceiling.