OFFERING MARKET FOR QUALIFIED INVESTORS
The Offering Market for Qualified Investors is the market where debt securities of the issuers defined in the related CMB Communiqué are issued to “qualified investors” as defined in the capital markets legislation, in accordance with the regulations of the Capital Markets Board of Turkey.Debt Securities , which are issued to qualified investors in the “Offering Market for Qualified Investors” start trading as unlisted securities on the Outright Purchases and Sales Market, following the completion of the issuance or expiry of the issuance period without further requirements.
The issuance period for the securities to be issued on the Market cannot exceed 7 days. The whole issue amount declared to the Exchange has to be sold on the Matket. It is possible, however, in the additional period provided by Borsa İstanbul management to continue the issuance of the unsold part during the initial issuance period. At the end of the second period, the offering of the remaining unsold part has to be cancelled.