As a significant step in its strategy to diversify funding sources in line with its sustainable growth objectives, Topçular Endüstriyel has successfully completed its inaugural TRY 150 million Lease Certificate (Sukuk) issuance with a 177-day maturity, through DK Asset Leasing Inc. (DK Varlık Kiralama A.Ş.), a wholly owned subsidiary of Dünya Participation Bank (Dünya Katılım Bankası A.Ş.).
The issuance was structured under a management agreement model, with diesel generator sets, CNC machines, lathes, and band saws held in Topçular Endüstriyel's inventory serving as the underlying assets in accordance with the principles of participation finance.
With this transaction, Topçular Endüstriyel has strengthened its presence in the participation finance market while reaffirming its commitment to leveraging the innovative and sustainable financing solutions offered by the capital markets.
Operating under the umbrella of Topçu Holding, one of Türkiye's leading industrial and commercial groups with more than a century of history, Topçular Endüstriyel continues to advance its sustainable growth strategy by drawing on the Group's strong corporate structure, extensive distribution network, and manufacturing expertise. Active in trading, manufacturing, distribution, technology, and engineering, Topçu Holding exports its products to more than 50 countries through its integrated business model and is recognized as one of Türkiye's leading industrial enterprises.
Commenting on the issuance, Başar Demircan, General Manager of Topçular Endüstriyel, said:
"We are delighted to have successfully completed our inaugural Sukuk issuance. The strong interest shown by our investors is a clear indication of the confidence placed in our long-term growth vision. This issuance, structured in accordance with the principles of participation finance, represents a strategic milestone in diversifying our funding sources and strengthening our position in the capital markets. Backed by Topçu Holding's more than 100 years of corporate heritage, Topçular Endüstriyel will continue to support its sustainable growth by effectively utilizing alternative financing instruments while creating long-term value for all stakeholders."
The Company's management stated that the issuance represents an important milestone in strengthening its position in the capital markets and reaffirmed its commitment to making effective use of alternative financing instruments, supporting its sustainable growth objectives, and creating long-term value for its stakeholders in the years ahead.