GREAT INTEREST IN ULUSOY UN'S FIRST LEASE CERTIFICATE ISSUANCE

GREAT INTEREST IN ULUSOY UN'S FIRST LEASE CERTIFICATE ISSUANCE

• 16.11.2023

Ulusoy Un, the largest industrial and exporting company in its sector, which closed the year 2022 with a sales revenue of 20 billion 434 million TL, made its first lease certificate (sukuk) issuance in the amount of 100 million TL with a maturity of 170 days within the scope of access to alternative financing channels.

Ulusoy Un, Turkey's 247th largest exporter according to the TİM1000 list, Turkey's 273rd largest industrial enterprise according to the ISO500 list and the largest company in its sector, made its first sukuk issuance within the scope of access to alternative financing channels. The issuance of 100 million TL with a maturity of 170 days, for which book building was carried out on November 14, 2023, was made by the authorized investment company Türkiye Emlak Katılım Bankası A.Ş. (Emlak Katılım) and Emlak Varlık Kiralama A.Ş., which is a 100 percent subsidiary of the bank. (Emlak VKŞ) was successfully carried out. The Sukuk issuance was completed quite successfully compared to its market counterparts, with twice the demand from investors. In the first lease certificate transaction based on the management contract carried out by Ulusoy Un within the scope of the 500 million TL export ceiling received from the Capital Markets Board on October 27, 2023, through Emlak VKŞ, grain was subject to purchase and sale agreements and included in the definition of goods according to interest-free finance principles. The asset/rights portfolio, which can be traded and traded in secondary markets, was used as the underlying asset in the sukuk issuance.

It responds to different customer needs.

Regarding the issue, Eren Günhan Ulusoy, Chairman of Ulusoy Un's Board of Directors, said, "The intense interest of investors in our first lease certificate issuance in the capital markets as Ulusoy Un is very pleasing as it is a confirmation of their trust in our company. The functioning of our commercial activities is in line with the principles of participation finance. In this regard, we believe that sukuk, an alternative financing instrument, will be an important tool in the sustainable growth of our company. As Ulusoy Un, we aim to reach a wider investor base by diversifying access to financing in capital markets. We will continue our efforts to become a preferred business partner in the sector by producing healthy products suitable for different customer needs, winning in competition, following the developments in the sector, being open to communication, and not compromising on business ethics and quality. "I would like to thank the Emlak Katılım family, who did not leave us alone for the successful issuance process," he said, while Ulusoy Un CEO Zahit ÇETİN said, "Ulusoy Un, whose shares were offered to the public and traded on the stock exchange on November 20, 2014; Söke Un, ROLWEG S.A., Alfaway Gıda and Ulidaş Tarım Ürünleri Licensed Warehouse Inc. It is a food company on the Fortune 500 list, which lists Turkey's 500 largest companies, and on the TİM1000 list with its success in exports. Our first sukuk issuance is very valuable as it shows investors' trust in our company. We aim to increase the weight of alternative debt instruments in our portfolio in the future. “I would like to thank all my teammates for their efforts and wish them continued success.”