Borsa Istanbul Moves Two Alnus, Tarfin Bonds to Watchlist Market
The exchange closed trading in both bonds on November 4 after issuers failed to transfer funds for scheduled coupon payments.
Key takeaways
- Coupon payments due November 3 on two bonds were not completed.
- Trading in both bonds is set to resume November 5 in the Watchlist Market.
Borsa Istanbul moved bonds issued by Alnus Yatırım and Tarfin Tarım to its Watchlist Market after both companies missed coupon payments due November 3. Trading in the two instruments was closed on November 4.
The exchange said the bonds would return to trading in the Watchlist Market on November 5. The missed payments followed the issuers’ failure to transfer the required funds to Turkey’s central securities depository.
The decision applies only to the two bonds, codes TRFSRMD22716 and TRFTTRM82714, not to the companies’ shares or all their securities. The exchange did not disclose the unpaid amounts or when the coupons might be paid.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
