Asset Backed Securities scheduled to be issued by Turkey’s first Asset Finance Fund, set up by Aktif Bank.
Asset Backed Securities scheduled to be issued by Turkey’s first Asset Finance Fund, set up by Aktif Bank, have been assessed by JCR-Eurasia Rating to be in the highly investable category, which is the same risk category as that of Turkish Government Bonds, thus awarded “AAA” as Long-Term National Rating.
Asset Backed Securities (ABS) with various maturities shall be issued by Aktif Bank by transferring to Asset Finance Fund No.(1) of Aktif Yatırım Bankası A.Ş. of general purpose loans made available to pensioners of Social Security Institution of Turkey under monthly equal instalment payment scheme within the framework of Capital Market Board regulations. Asset Backed Securities intended to be issued under indirect transfer procedure, shall be sold at a discount at their nominal values by making an invitation to resident qualified investors or non-resident investors without public offering or as a private placement.
Collections by Asset Finance Fund No.(1) of Aktif Yatırım Bankası A.Ş. from loan customers shall be made through the channel of PTT (Turkish Post Office).