1) PhillipCapital Financial Bill Issuance

As PhillipCapital, we provide companies with an alternative to bank loans and issue financial bonds that can offer investors higher returns than government bonds/treasury bills.
You can access all documents regarding our exports below.

2) Public Offerings

Public offering; It is one of the most important methods that support companies to access alternative financing sources, institutionalize and grow on a global scale.

In public offerings where we are a consortium member, we carry out a successful sales process by offering the shares of the companies to investors.

3) Private Sector Bonds

Although the private sector bond market in Turkey started to develop as of 2010, it has entered a rapid growth trend in recent years. As PhillipCapital, we aim to lead the development of this product in the Turkish capital markets.

After our first issuance in 2014, we ranked 4th in third-party debt instruments issuances in the same year. Our goal is to achieve a leadership position in this market.

Why Private Sector Bonds?

  • It provides companies with a new source of financing other than bank loans.
  • With its unsecured structure, it offers a significant advantage for companies that have difficulties in establishing collateral.
  • Companies can borrow based on their business plan and cash flow potential rather than collateral.
  • For a successful issue, it is critical that the financial structure of the issuer is explained correctly and conveyed clearly to the investor.

Who Issues Private Sector Bonds?

Issuers in the private sector bond market are divided into three groups:

1) Banks

They issue financial bills with a maturity of 3–6 months.

2) Non-Bank Financial Institutions

Especially factoring companies are among the most active players in this market.

3) Real Sector

They generally issue bonds with a maturity of 2 years, variable interest rates and interest payments every 3-6 months.
In the future, 3-4 year maturity bonds and structures with interim principal payments will also become widespread.

How Long Does a Bond Issuance Take?

The period depends on the type of issuance:

  • Sale to qualified investors / Allocation sale:
    If the company has completed its preparations, book collection can start within 4-6 weeks.
  • IPO:
    Since the prospectus needs to be prepared, the process takes 2–3 months.

Services We Provide as PhillipCapital

We are with you at every step of the bond issuance process:

  • Preparation of necessary documents for CMB, Borsa Istanbul, MKK
  • Submission of all official applications
  • Follow-up of the CMB review process
  • Creating an investor presentation
  • Preliminary information meetings and feedback management
  • Obtaining CMB export approval
  • PDP announcements
  • Investor visits
  • ISIN code application and MKK transactions
  • Request collection process
  • Post-issuance daily quotation processes

Success; The key is to establish a maturity-price balance that satisfies both the borrower and the investor. PhillipCapital manages the process in the most efficient way by staying in constant communication with issuers and investors.