Contributing to the development of trade between Türkiye-Azerbaijan-Georgia, PASHA Bank continues to support the real sector with Asset Backed Securities (ABS) issuances. PASHA Bank, which has placed the agriculture sector first in ABSs since 2020, is making the sixth ABS issuance of the year, with an average maturity of 123 days and an average maturity of 123 days, on behalf of Tarfin Tarım, with an annual simple return rate of 49.50%.
Playing a leading role in investment banking since the 8 years it started operating in Türkiye, PASHA Bank has made a splash with its alternative investment tool, ABSs, as of 2020. With its ABS issuances, which are important for the development of the real sector and increasing employment, PASHA Bank, which has provided a total support of more than TRY 1.5 billion to the real sector, especially the agriculture sector, continues to stand by the agriculture sector, one of the vital sectors of the economy. PASHA Bank is realizing the fifth ABS issuance for the agricultural sector this year on behalf of Tarfin Tarım A.Ş., with an average maturity of 123 days and an annual simple return rate of 49.50%. The TRY 75 million issuance also draws attention with its AA- Long-Term National Rating from JCR. While PASHA Bank has created a total of TRY 353 million in resources for the agricultural sector through ABSs from the beginning of the year, the amount of resources allocated to the agricultural sector has exceeded TRY 1 billion since 2020.
PASHA Bank General Manager H. Cenk Eynehan stated the following regarding the subject:, “In order to develop and support the Private Sector Debt Securities Market as an investment bank, we started our own Asset Finance Funds in 2020 to act as a broker in securitization transactions. For our customers who have a quality asset pool and want to use these assets in accessing finance, we have mediated the issuances of ABS, which is a structured capital market instrument, and brought them together with qualified investors. In this sense, we have provided the real sector with indirect access to more than TRY 1.5 billion of financial resources since 2020, with the issuance of ABS. We have been with the agriculture sector since 2020 and we have provided more than TRY 1 billion support for the sector. With these issuances we offer to qualified investors on behalf of Tarfin Tarım A.Ş., we will continue to support the agriculture sector, which is one of the most important items for the sustainability of today, the future and the economy”
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.