Structured Finance Products / Asset-Backed Securities (ABS) Issuance
A diverse array of products has emerged in the capital markets recently, particularly Asset-Backed Securities (ABS), Asset-Covered Securities (ACS), and Tier II capital instruments favored by banking institutions.
Asset-Backed Securities (ABS) are capital market instruments that convert notes or collateralized receivables on a company's balance sheet into marketable securities that can be traded in the secondary market.
Drawing upon the extensive expertise of our Capital Market Advisory team, we offer comprehensive consultancy services regarding the securitization of idle assets on corporate balance sheets and the issuance of Tier II capital instruments. Our services encompass the following:
- Conducting a detailed analysis to assess the suitability of the transaction by reviewing the structure of the company's balance sheet and its relationships with creditors.
- Establishing the most appropriate issuance framework through an examination of the company's operations and the prevailing dynamics of its funding requirements.
- Providing support to the issuing entity in the structuring of asset-backed or asset-covered products.
- Determining the optimal issuance structure and assisting in the preparation of the requisite contractual documentation.
- Offering consultancy on establishing and managing funds as mandated by the Capital Markets Law for asset-backed and asset-covered security issuances.
- Overseeing application processes and facilitating communication with all relevant regulatory authorities.
- Assisting in the preparation of marketing and promotional materials.
- Managing marketing and sales operations to ensure the successful completion of the transaction.
This service may be used to enhance companies' growth strategies and to facilitate refinancing of existing debt or financial restructurings.
Aligned with the goal of directing additional resources into the real economy and money markets through the more effective utilization of capital market instruments:
A successful issuance of Asset-Backed Securities (ABS) took place in December 2018, amounting to TRY 3.15 billion. This issuance featured a five-year maturity, quarterly coupon payments, and was backed by mortgage-secured housing loans from Ziraat Bankası, Halkbank, Vakıfbank, and Garanti Bankası.
Another successful ABS issuance occurred in March 2019, totaling TRY 1 billion. Similar to the previous issuance, it had a five-year maturity, quarterly coupon payments, and was supported by mortgage-backed housing loans from Akbank, İş Bankası, and Yapı Kredi Bankası.
Asset-Covered Securities (ACSs) Through the Brokerage of the Development and Investment Bank of Türkiye and Our Awards:
