Business · Companies · 5 hrs ago

Turkey’s SPK approves company capital increases and debt issues

Turkey’s SPK approves company capital increases and debt issues

Turkey’s Capital Markets Board approved two companies’ capital increases: Mercan Kimya’s 380.7 million lira increase and Şekerbank’s 1 billion lira paid increase.

The board also approved debt issues by several companies, including Tüpraş, Koç Finansman and Anadolu Efes.

The approved debt issues include large amounts, such as 20 billion lira for Tüpraş and 15 billion lira for Anadolu Efes.

The accounts differ on whether IC Enterra’s proposed 500 million dollar debt issue was approved: one lists it, while the other does not.

The board also approved asset-backed securities and lease certificates worth billions of lira, along with the creation of several investment funds.

The board ordered trading bans and license cancellations, and decided to file criminal complaints against 37 people over trading in shares of Vişne Madencilik and Işıklar Enerji ve Yapı Holding.

These decisions affect how companies and funds can raise money and how trading in Turkish markets is regulated; no further steps were specified.

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