SPK Approves TF Varlık Kiralama’s 200,000,000 Lira Certificate Offer
The regulator approved a proposed 371-day public offering, but the disclosure does not say the certificates have been sold or issued.
Key takeaways
- SPK approved a proposed 200,000,000 lira, 371-day certificate offering.
- The approval is not confirmation that the certificates have been sold or issued.
Turkey’s Capital Markets Board (SPK) approved TF Varlık Kiralama’s application for a 200,000,000 lira, 371-day lease certificate offering, the company said in a KAP disclosure. The certificates are planned for a domestic public offering and are based on a management agreement, with Türkiye Finans Katılım Bankası as the fund user.
The approval was granted on October 9 and notified to the company that day. It falls under a previously approved 35,000,000,000 lira issuance ceiling.
The approval concerns the proposed offer; it does not confirm that the certificates have been issued, sold or raised funds. The disclosure gives no date for the offering.
This article was produced with the help of AI technology. Source: Yahoo Finance
