Emlak Katılım completes 200,000,000 lira green certificate sale
The 122-day lease certificate was sold to qualified investors and names Türkiye Emlak Katılım Bankası as its fund user.
Key takeaways
- The sale of 200,000,000 lira in green lease certificates was completed on Oct. 9.
- The certificates mature on Feb. 11, 2027, with one scheduled coupon payment.
- Türkiye Emlak Katılım Bankası is named as the fund user.
Emlak Katılım Varlık Kiralama completed the sale of 200,000,000 lira in domestic green lease certificates on Oct. 9, according to its KAP disclosure. Türkiye Emlak Katılım Bankası is named as the fund user.
The certificates have a 122-day term and mature on Feb. 11, 2027. They were offered to qualified investors, are not traded on an exchange, and carry a fixed annual simple return of 36.25%, according to the filing.
The payment plan lists one coupon and repayment of principal on the maturity date. The transaction provides funding through a market instrument rather than issuing shares, so it does not itself change ownership.
This article was produced with the help of AI technology. Source: Yahoo Finance
