Issuance of Interest-Free Capital Market Products (Sukuk / Lease Certificates)
The issuance of lease certificates, an innovative funding alternative recently adopted by private sector companies, facilitates the generation of additional resources through interest-free financing mechanisms. A lease certificate involves a securitization process in which funds are raised using an underlying asset as collateral. As a result, this financial instrument demonstrates a lower risk profile compared to unsecured options. Drawing on the extensive experience of our team, whose lease certificate issuance projects have garnered international recognition and been featured in various media as exemplary case studies, we are equipped to develop tailored issuance structures and novel products that align with the diverse commercial transactions of enterprises.
We offer comprehensive consultancy services throughout the entirety of the issuance process, including the preparation of foundational documents and the actual issuance of green lease certificates and/or social lease certificates (sustainable lease certificates), contributing to environmental objectives, such as mitigating the impacts of climate change and conserving natural resources, utilizing the capital raised from their issuance.
The services provided by the Capital Market Advisory unit with regard to lease certificate (sukuk/lease certificate) issuances are outlined as follows:
- Assessment of transaction suitability through a detailed examination of the company's balance sheet structure and its relationships with creditors.
- Analysis of the company's operational dynamics and funding requirements, facilitating the establishment of the most suitable issuance structure in collaboration with the Ratification Boards.
- Identification of the appropriate issuance structure and provision of assistance in the preparation of the necessary contractual documents.
- Oversight of the coordination process with relevant consultants to ensure alignment of the company's internal operations with interest-free financing principles, where applicable.
- Management of application processes and communication with all pertinent regulatory authorities.
- Assistance in the preparation of marketing and promotional materials.
- Supervision of marketing and sales operations to ensure the successful completion of the transaction.
Lease Certificates Issued Through the Brokerage of the Development and Investment Bank of Türkiye and Our Awards:
