Emlak Katılım completes 234000000 lira certificate sale
The 70-day lease certificate was sold to qualified domestic investors, with a fixed annual simple return of 36.25% and payment due in December.
Key takeaways
- The completed sale covered 234000000 lira in nominal certificates.
- The certificates have a 70-day term and one payment scheduled for December 21.
Emlak Katılım Varlık Kiralama completed the sale of 234000000 lira in lease certificates to qualified domestic investors, according to a KAP disclosure by the company. The sale was completed on October 9.
The certificates have a 70-day term, starting October 12 and maturing on December 21. They carry a fixed annual simple return of 36.25% and an annual compound return of 41.97%, with one payment scheduled at maturity.
Türkiye Emlak Katılım Bankası is listed as the fund user and source institution. In practical terms, the transaction sells certificates to investors rather than shares; the filing does not state the net proceeds. The certificates will not trade on an exchange.
This article was produced with the help of AI technology. Source: Yahoo Finance
