Aktif Bank Issue Of Asset-Backed Securities Reaches TRY 2 Billion, Maturities Exceed 4 Years
Turkey's largest investment bank Aktif Bank, which issued the country's first Asset-backed Securities, has made another issuance of TRY 200 million, increasing its level of Asset-backed securities to TRY 1,825 billion. With maturities exceeding 4 years, after the Turkish Treasury's issuance of Try securities, this is a bond issuance with the longest maturities in the private sector in 2014. At the same time, it has captured the attention of investors for having the highest rating of AAA among private sector issuances.
Declaring that the bank has assumed the role of expanding Turkish Capital markets with its issue of Asset-backed Securities,Ömer Ünveren, Assistant General Manager responsible for the Treasury at Aktif Bank says, "Like Turkey's first bank bonds, our bank issued Turkey's first Asset-back Securities and up until now, it has made an issuance of a total of TRY 16.7 billion,distinguishing itself as a leader, an innovator and a transforming force in the sector. This last issue that we made in the amount of TRY 200 million captured the vast attention of portfolio management and insurance companies and the issuance procedures were completed in a matter of minutes. Our achievements in this area indicate that there will always be an intense demand for smartly designed products that add diversity and depth to the Turkish capital market."