Intriguing Move: Golden Global Investment Bank Issues 500 Million TRY in Lease Certificates

Golden Global Investment Bank issued a 500 million TRY lease certificate. According to a statement from the bank, this issuance was directed towards the domestic market and aligned with principles of interest-free finance. It was conducted through Golden Global Asset Leasing Inc., a subsidiary of the bank, based on a management contract. Since the beginning of 2024, the bank has raised 1.5 billion TRY in funding through three different lease certificate issuances.

HIGH INVESTOR DEMAND FOR LATEST LEASE CERTIFICATES

Serhan Zafer, Treasury Director of Golden Global Investment Bank, noted that their latest lease certificate issuance received more interest than expected from qualified investors. He commented, "In our third lease certificate issuance of the year, we reached a demand of 500 million TRY. We are very pleased with the trust and interest shown by our investors. This success reaffirms our bank’s strength in capital markets and the effectiveness of our investor relations. As we continue to contribute to the economy following the principles of interest-free finance, we will further strengthen our partnerships with institutional investors."

The statement continued: "Golden Global Investment Bank stood out in 2023 with its strong performance and an upgraded credit rating by JCR-ER. This success has translated into high demand for lease certificate issuances. The bank is also taking significant steps to diversify fixed-income interest-free financial instruments."