Turkey based Financial Corporate KOC Finansman AS has finalised a private placement in the TRY Fixed Rate Kebab Bond market. The financing matures in 2025 and was executed by a single dealer.
A Kebab bond is a TRL-denominated bond issued by a Turkish entity in the Turkish Domestic Bond market.
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| Issuer Details | |
| Issuer | KOC Finansman AS |
| LEI | 789000DUD9KVS08XQX55 |
| Industry | Diversified Capital Markets |
| Country | Turkey |
| Issuer Description | Kocfinans is the first consumer financing company in Turkey that is established with the aim of "providing direct financing to consumers". Koc Finansman A.S. -Kocfinans- started operating in 1995 and has been a pioneer of a brand new credit system by taking into account the economic conditions of Turkey, the unique structure and organization of Koc Group. This system aims to support the development of Turkey’s economy and consequently to raise the living standards by offering an alternative credit access as it is offered in the contemporary world. Kocfinans enabled nearly 3 million consumers to use credit with a total amount of USD 3.4 billion since its foundation. Kocfinans is the first consumer finance company with the ISO certificate in Turkey thanks to its creative and active employees. Kocfinans aims to give the fastest and the best service with the principles of honesty, integrity and perfectionism by improving itself and also the areas that it operates with its close to one thousand selling points in whole Turkey. |
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| Trade Details | |
| Security Type | Bond |
| Amount | TRY [Login to see full details] |
| Total Amount including taps | TRY [Login to see full details] |
| Total Amount Outstanding | TRY [Login to see full details] |
| Total Order Book | TRY [Login to see full details] |
| Structure | Fixed Rate |
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A Kebab bond is a TRL-denominated bond issued by a Turkish entity in the Turkish Domestic Bond market.
Check here for all issuer’s year to date financings.