Financing ·
Turkcell authorized to issue up to TRY 6 billion of sukuk via subsidiary
TKCTurkcell Iletisim Hizmetleri A S
Turkcell's Board of Directors authorized its wholly-owned subsidiary, Turkcell Finansman A.Ş., to issue management agreement-based lease certificates (sukuk) via a domestic asset leasing company. The issuance is capped at TRY 6 billion with maturities up to 12 months and may be executed in one or more tranches through private placement or sale to institutional investors without a public offering. These issuances remain subject to approval by the Capital Markets Board. Turkcell operates in the telecommunications industry, providing mobile and fixed-line communication services.