Upon issue - in addition to the 200 million TL worth in the recent months - of a further 100 million TL worth of asset-backed security (ABS) for the agricultural sector, the volume of PASHA Bank ABS issues to this sector since the beginning of the year reached 300 million TL. This new issue with 143-day maturity stands out with its AA JCR long-term national rating and 31.75 accounting rate of return.
Having operated in Turkey for 7 years and closed the first quarter of the year 2022 with an asset volume of 3 billion 960 million TL, PASHA Bank continues offering ABSs, which in the recent years proved to be a reliable financial instrument, to the foreign capital market actors. It offers investment banking, corporate banking, and premium banking products with the purpose of contributing to the trade among Turkey, Azerbaijan, and Georgia, creating resources for and providing guidance to the businesses that invest in the region and aims to support, in the near future and in addition to the agricultural and automotive sectors, the chemical industry as well.
Offering high-yield investment options, PASHA Bank has, since its first ABS issue in the year 2020, provided 685 million TL financial support to the agricultural and automotive sectors.
PASHA Bank’s this 100 million TL worth ABS issue with 143-day maturity and 31.75 accounting rate of return to the qualified investors on behalf of Tarfin Tarim A.S. stands out with its AA JCR long-term national rating by JCR Eurasia.
These issues intended for the agricultural sector helped Tarfin provide support to more farmers and also demonstrated, once again, the critical role played by the innovative capital market instruments like ABSs in financing the real sector. Tafrin Tarim A.S. offers fertilizer, animal feed, and similar agricultural inputs at 880 stores to the farmers in 80 provinces and 7,600 villages at competitive prices and favorable maturity terms.