As a pioneer in the issuance of Asset-Backed Securities (ABS) in Türkiye, PASHA Bank continues to provide critical financial support to the real sector. In May alone, the bank has completed its second ABS issuance of the month—this time in support of the agricultural sector. Following a recent issuance targeting the automotive industry, PASHA Bank, in collaboration with OMG Capital Advisors, has now executed a TRY 120 million ABS issuance. This marks the bank's second agricultural-focused issuance of the year.
From its inception, PASHA Bank has remained committed to adding value to the real economy and offering innovative solutions to meet investor needs. Through its ABS issuances, the bank supports the development of key sectors such as agriculture, automotive, chemicals, and retail, while also offering investors attractive, high-yield investment alternatives. By completing two ABS issuances in May alone, PASHA Bank reaffirms its leadership in this segment. The most recent issuance for the agricultural sector, worth TRY 120 million, was carried out with OMG Capital Advisors' consultancy. The instrument has a 190-day maturity and offers an average annual simple return of 54.68%. Notably, PASHA Bank also completed its first ABS issuance of the year for the agricultural sector. Altogether, this brings the bank’s total issuance volume for agriculture in 2025 to TRY 340 million. This ABS issuance was backed by the agricultural receivables of Tarfin Tarım, enabling the company to provide deferred sales financing. The transaction demonstrates the growing role of innovative capital market instruments—such as ABS—in supporting the agricultural sector. The issuance holds an A1 rating from Turk Rating.
PASHA Bank CEO H. Cenk Eynehan commented on the development:
"As PASHA Bank, we successfully completed the first year of our 2024–2026 strategic plan, which aims to achieve healthy and sustainable growth, expand our product range, enhance the quality of service we offer, strengthen our position in capital markets, and increase our share in foreign trade across the region. In the second year of this strategy, our priorities remain clear: to continue supporting trade within the Türkiye-Azerbaijan-Georgia triangle—both by providing financial resources and advisory services; to strengthen the real economy through capital market instruments like bonds, bills, and ABS; to expand our customer-focused approach by offering tailored products and services; and to invest in and add value to our human capital. Our goal remains generating sustainable value through steady and healthy growth".
Tarfin Tarım, the originator behind the receivables in this issuance, operates in all 81 provinces of Türkiye and in more than 15,000 villages. It supplies farmers with essential agricultural inputs—such as fertilizers, seeds, and animal feed—at competitive prices and with flexible payment terms aligned with farmers’ cash flows.