“Lease Certificate (“Sukuk”) Issue process by GÜBRETAŞ
GÜBRETAŞ draws attention with its investments to strength its logistic power and with its R&D studies has now taken a decision that will increase its source power.
GÜBRETAŞ, announced to the public opinion that it has given authority to the company management about “Lease Certificate (“Sukuk”) Issue Process” by the decision taken in 30.07.2019.
GÜBRETAŞ, in its announcement made to Public Disclosure Platform stated: Halk Yatırım Menkul Değerler A.Ş. (Halk Invest Stock Inc.) has been endowed with the authority as a financial consultant and leader mediator institution in lease certificate issue processes planned in order to be bought in domestic, to be sold in Turkish lira, in nominal value until 500 million TL, dedicatedly and/or to eligible investors without being offered to public.
GÜBRETAŞ will enable to strength source structure via capital markets by issuing sukuk. Furthermore, by this issuing it is going to contribute to decrease financial costs of GÜBRETAŞ. Besides institutions which have funds that can only invest in interest-free profit based products will be able to invest in these instruments and value their funds.
Towards the decision taken, GÜBRETAŞ while increasing its source varieties moreover took an important step for reaching funds enable to invest in products which supply interest-free profit. GÜBRETAŞ will receive its repayments from its profit of sold products and is going to be acting according to win-win principle which is the golden rule of commerce. Further to that it is expected to supply recovery in debt-raised costs of the company.