Offering Asset-Backed Securities (ABS) as an alternative investment tool since 2020 and consistently delivering solid returns for its investors, PASHA Bank has launched a new ABS issuance—this time for the automotive sector. The TRY 300 million issuance, carried out on behalf of Seyidoğlu Otomotiv, was offered to qualified investors with a 49% return and an average maturity of 186 days.
Maintaining its strong growth every year since it began operations in Türkiye ten years ago, PASHA Bank continues to be a pioneer in ABS issuances. While contributing to the growth of the agriculture, automotive, chemical, and retail sectors, PASHA Bank also offers attractive return alternatives to investors. Since 2020, the bank has generated over TRY 6 billion in financial resources, acting as a lifeline for the real sector and continuing its support for the automotive industry, one of the key players in Türkiye's exports. In this issuance, PASHA Bank transformed Seyidoğlu Otomotiv’s invoiced receivables—arising from spare parts sales to leading insurance companies—into an investment instrument with an average simple annual yield of 49%, rated A1 by Turk Rating. This TRY 300 million issuance, carried out in cooperation with OMG Capital, also stands out with its 186-day maturity structure.
Commenting on the matter, PASHA Bank General Manager H. Cenk Eynehan stated: “Our bank is the only one established in Türkiye with principal shareholders based in Azerbaijan. As a part of PASHA Holding, one of Azerbaijan’s leading groups, our bank is a pioneer in ABS issuances in Türkiye. While issuing ABS for the agriculture, chemicals, automotive, and retail sectors, we have also brought these opportunities to the digital environment and, for the first time in Türkiye, launched an investment instrument indexed to wheat prices.” With a fast start to the year, we have issued over TRY 1.5 billion since January to provide financing for the agriculture, retail, and automotive sectors. While supporting the development of these industries, we have also offered investors highly attractive investment alternatives. We recognize that the rising production volume in the automotive sector indicates a significant development in our country. Therefore, we will continue with new issuances that support the automotive industry.”
Since its establishment, Seyidoğlu Otomotiv has provided import, export, and logistics services for products from the world’s leading spare parts manufacturers. The company has partnered with approximately 32 insurance firms and sources products from 15 different brands. Aiming to become a global supplier, Seyidoğlu Otomotiv has established a strong network with nearly 50 suppliers across more than 30 countries, including Germany, Romania, Spain, Italy, Portugal, Greece, Bulgaria, Mexico, India, and Dubai, thereby building an effective global supply chain.