Strong Demand for Tekfen Holding's Financing Bond Issue

Tekfen Holding (TKFEN) is shifting towards sustainability-focused investments as part of its strategic transformation and change process. Initially planning to issue financing bonds worth 250 million TL through Doğan Investment Bank, the company increased this amount to 500 million TL due to high demand. This issuance once again demonstrated Tekfen's financial reliability in the eyes of investors.
Hakan Dündar, Vice President of Financial Affairs, stated that the funds obtained will be directed towards strategic investments. The company plans to establish a green ammonia facility in Turkey, emphasizing the importance of green energy transformation. Tekfen aims to invest in renewable energy and decarbonization projects in line with this goal. These investments will be realized within the framework of the company's sustainability-oriented new business model.
Financial Strengthening through Syndicated Loans
Tekfen secured a $95 million variable-rate syndicated loan with a three-year maturity, led by Yapı Kredi (YKBNK) and with the participation of Akbank (AKBNK), Alternatif Bank, and Aktif Bank. Hakan Dündar emphasized that Tekfen is one of the rare companies in Turkey capable of executing significant financial agreements. The company aims to become a more effective player in the market by diversifying its financing with new financial instruments.
The resources obtained from the syndicated loan and the financing bond issuance will contribute to investments in the sustainable energy sector and strengthen the capital structure of group companies. Tekfen will continue to support its long-term sustainable growth strategy by providing centralized and extensive financing solutions through the issuance of financing bonds. These steps lay a solid foundation for the company's market power, ensuring a robust base for future projects.