PASHA Bank, which has made a great impression in the Turkish Capital Markets with its Asset Backed Securities (ABS) issuances, continues to support the agricultural sector with ABS issuances. PASHA Bank, while issuing TRY 130 million with an average maturity of 143 days with an annual simple yield of 46.92 per cent, on behalf of Tarfin Tarım, has provided TRY 483 million support to the agricultural sector since the beginning of 2023 with this issuance.
PASHA Bank, which has assumed a pioneering role in investment banking since it started to operate in Türkiye 8 years ago, not only supports the development of trade in the Türkiye-Azerbaijan-Georgia triangle, but also plays a leading role in the development of sectors by supporting the real sector with alternative investment instrument ABSs. In this sense, PASHA Bank continues to support the agricultural sector, which is one of the lifeblood sectors of the economy, with its ABS issuances, which are important for the development of the real sector and the increase in employment, providing a total of more than TRY 1 billion 700 million support to the real sector, especially the agricultural sector, since the first issuance in 2020. PASHA Bank, on behalf of Tarfin Tarım A.Ş., with an average maturity of 143 days and a simple annual return rate of 46.92 per cent. The TRY 130 million issuance also draws attention with its AA- Long-Term National Rating from JCR. PASHA Bank has allocated a total of TRY 483 million to the agricultural sector through ABSs since the beginning of the year, while the amount of resources allocated to the agricultural sector since 2020 has exceeded TRY 1 billion 500 million.
PASHA Bank General Manager H. Cenk Eynehan stated the following regarding the subject: “As an investment bank, in order to develop and support the Private Sector Debt Securities Market, we intermediate securitisation transactions and bring the real sector together with qualified investors through ABS issuances. In this sense, we have indirectly provided the real sector with access to financial resources of over TRY 1 billion 700 million since 2020 through the issuance of ABS. Since 2020, we have been standing by the agricultural sector and have provided more than TRY 1 billion 500 million support for the sector. We are very pleased to continue to support the agricultural sector, which is one of the most important items for the sustainability of today, the future and the economy, with these issuances we offer to qualified investors on behalf of Tarfin Tarım A.Ş.”
These issuances to the agricultural sector not only enabled Tarfin to support more farmers, but also showed once again the critical role played by innovative capital market instruments such as ABS in the financing of the real sector. Tarfin Tarım A.Ş. offers fertilizer, seeds, feed and similar agricultural inputs to farmers in 80 provinces and 13,024 villages from 1,196 sales points at competitive prices and maturity opportunities suitable for farmers' cash flows.