Another round of Turkey's one and only ABS issuances based on agricultural receivables was issued

Another round of Turkey's one and only ABS issuances based on agricultural receivables was issued 18.01.2022

The sixth of Tarfin's asset-backed securities issues, which is unique in its field and plays an important role in uniting Turkish agriculture with investment resources, met with its investors in cooperation with Pasha Investment Bank and OMG Capital Advisors.
Evaluated as being in the "highly investable" category by JCR Eurasia Rating, the sixth ABS, whose issuance has been completed by Tarfin, has a Long Term National Rating of 'AA- (Trk)' and a Long Term International Local Currency Rating at the same level as Turkey's country rating, which is designated as “BB+”. It has been confirmed once again that the agricultural sector, which has proven its resilience by not interrupting production even under pandemic conditions, is a safe allure for investors.
Tarfin has created an investment tool from the receivables arising from the purchases of fertilizers, feed, seeds, and similar agricultural inputs in 42 Turkish provinces, and realized a new total ABS issuance of 14 million TL. All ABS issuances completed since June 2018 have attracted intense interest from individual and institutional investors. Tarfin's sixth ABS issuance was completed after receiving requests above the issuance amount by individual and institutional investors seeking high returns as well as an opportunity to support social development.

Sustainable value created for the development of Turkish agriculture

The following statement was made by OMG Capital Advisors General Manager Murat Gülkan, on behalf of Pasha Investment Bank and OMG Capital Advisors, about this ABS issuance, which offers high returns to its investors and negotiates the coming together of corporate capital, Turkish farmers, and sustainable agriculture: “This issuance, which took place despite the pandemic, has once again proven the role it will play in the financing of the real sector, both as the sustainability of Tarfin's business model and as the financing model of ABS.”
Tarfin's CEO Mehmet Memecan stated that, "The pandemic, which changed the balance of the period we live in, once again revealed the importance of agriculture. As Tarfin, we always try to come up with new solutions by being close to the farmer. The days we live in have shown that, although Turkish agriculture is facing structural problems, our farmers are working gallantly to produce and ensure the continuity of production. As the private sector, every step we take for our farmers today will bring a stronger economy, a healthier future, and a more sustainable production tomorrow. This export is not only a high-yield investment tool, but also the safest support point for those who want to contribute to the development of Turkish agriculture. As Tarfin, we are proud to mediate the sustainability of agriculture.”


 

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