Making a name for itself with its innovations in investment banking, PASHA Bank supports important sectors of Türkiye, especially the agriculture sector, with Asset Backed Securities (ABS) issuances. This time, PASHA Bank, which provided TRY 800 million of support to the agricultural sector in 2022 and TRY 200 million in the first four months of 2023, continues to stand by the agricultural sector by issuing TRY 125 million of ABS with an average maturity of 148 days with an annual simple return rate of 48.50%.
Contributing to the development of trade between Türkiye-Azerbaijan-Georgia and operating in Türkiye for 8 years, PASHA Bank continues to stand by its customers with its ABS issuances. Taking a leading role among investment banks in ABS issuance, which is important for the development of the real sector and increasing employment, PASHA Bank continues to support agriculture. Having issued over TRY 1.5 billion of ABS for the real sector since 2020, PASHA Bank provided TRY 1.4 billion of support only for the agricultural sector. PASHA Bank issued TRY 800 million in 2022, and TRY 200 million in the first 4 months of 2023. PASHA Bank is realizing a special ABS amount for the agricultural sector in these days when the sectors need support the most. PASHA Bank issues ABS on behalf of Tarfin Tarım A.Ş. with an average maturity of 148 days and an annual simple return rate of 48.50 percent. The TRY 125 million issuance also draws attention with its A+ Long-Term National Rating from JCR.
PASHA Bank CEO H. Cenk Eynehan stated the following regarding the subject:,“ As a leading bank in abs issuances, we continue to support the sustainability of today, the future and the economy with issuances. With our ABS issued products, agriculture, automotive and technology are among the sectors we focus on. 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 1.4 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.