Midas Menkul Sets Domestic Debt-Issuance Ceiling at TRY 1,700,000,000
The board replaced an earlier resolution and set domestic lira debt issuance at up to TRY 1,700,000,000, but no issuance is reported.
Key takeaways
- The company revised its domestic debt-issuance ceiling to TRY 1,700,000,000.
- The filing reports no completed issuance or regulatory approval.
Midas Menkul Değerler’ board revised the company’s domestic debt-issuance ceiling to a maximum of TRY 1,700,000,000, replacing a Sept. 15, 2026 resolution, according to a corrected KAP filing dated Oct. 9.
The decision covers lira-denominated bonds or financing bills with different maturities, issued in one or more offerings through private placements and/or sales to qualified investors. The filing gives Sept. 16 as the date of the application to Turkey’s Capital Markets Board, but does not report approval or a completed issuance.
Separately, the board set a ceiling of USD 10 million for overseas bond or financing-bill issues. The decision creates a route to seek debt funding; it does not mean the company has received cash from an issuance.
This article was produced with the help of AI technology. Source: Yahoo Finance
