Yapı Kredi Leasing Successfully Completes Its First Sukuk Issuance of 250 Million TL
Foreks - Yapı Kredi (IS: YKBNK) Leasing, a leading institution in the financial leasing sector, successfully completed its first lease certificate (sukuk) issuance worth 250 million TL with a maturity of 190 days on December 18, 2024, after concluding the demand collection process.
The sukuk issuance, carried out through Turkey Emlak Katılım Bankası A.Ş., the authorized investment institution, and its 100% subsidiary Emlak Varlık Kiralama A.Ş., received significant interest and demand from investors.
Yapı Kredi Leasing had signed a management contract with the Capital Markets Board on November 22, 2024, under the issuance ceiling of 3 billion TL through Emlak Varlık Kiralama A.Ş. In this initial lease certificate transaction based on that management contract, a leasing portfolio consisting of machinery, equipment, and similar fixed assets was used as the underlying asset for the sukuk issuance.
Fatih Torun, General Manager of Yapı Kredi Leasing, stated that they are always working to stay one step ahead in meeting the needs and demands of their customers. He remarked on the subject:
"While maintaining our leadership in the sector, we continue our efforts to access alternative financing sources without interruption. In this context, we see the sukuk instrument not only as a strategic financing tool contributing to our company's sustainable growth but also as a step that brings innovative vision to the sector due to our commercial activities being largely aligned with participation finance principles. With this vision, we have once again reinforced our pioneering role in the industry. With this move, we aim to diversify access opportunities to capital markets, add value to the financial ecosystem, and extend leasing services to a wider audience. As Yapı Kredi Leasing, we will continue to develop innovative and sustainable solutions with our expert team to further strengthen the recognition and volume of our sector while providing the best service to meet our customers' needs."