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Seker SME Covered Bond

Sector: Commercial • Location: Turkiye

Source: International Finance Corporation (IFC)

Project
Completed

The project concept is to have a Turkish bank utilize for the first time the Turkish covered bond legislation and help develop domestic capital markets. The bond issued by the bank will be direct obligation of Sekerbank and collaterals be ring-fenced for the benefit of bondholders. The proceeds would be used to fund SMEs in Turkey.

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Project Information

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The project “Seker SME Covered Bond” is an infrastructure initiative in the Commercial sector, located in Turkiye. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Available timestamps

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Available timestamp type

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Contact

Contact name

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Phone

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Email

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Address

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Description

Description

The project concept is to have a Turkish bank utilize for the first time the Turkish covered bond legislation and help develop domestic capital markets. The bond issued by the bank will be direct obligation of Sekerbank and collaterals be ring-fenced for the benefit of bondholders. The proceeds would be used to fund SMEs in Turkey.

Original sub-sector

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Original Currency

USD

Original budget

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Procurement method

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Budget

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Location

Region

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Country

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State

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County

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

obfuscated_data,obfuscateddata.com

More Details

Project Type

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Article Published Date

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