PASHA Bank made, in cooperation with OMG Capital, make its second ABS export that is based on the receivables from automobile sales on installments. Having created investment instruments based on the receivables from Maygold Otomotiv A.S’ automobile sales-on-installments, and with lucrative return to the investors, PASHA Bank made its second ABS export in the first quarter of the year, thus continuing to support the real sector.
Having been continuing to support the real sector since it started to serve six years ago PASHA Bank, made its second ABS export for the automotive sector. PASHA Bank and OMG Capital Advisors did, on behalf of Maygold Otomotiv A.S, issue TL 30,000,000 worth ABS’ with 734 maturity days (average 385 days). The category of the ABS is, with 22% annual yield and a solid guarantee, “Very Highly Investable” and it has a long-term “AA+” national rating.
Payments that will be made to the investors are assured by Quick Insurance A.S under bond insurance. This feature is very important and something new in the Turkish capital markets. In the process of funding the real sector via capital markets, the significance of providing a solid guarantee and the loan products with lucrative returns is growing day by day.
The investment funds, pension funds, insurance companies, corporate treasury departments, and highly qualified individual investors are included among the corporations that invested in this highly attractive asset that had been issued.