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PASHA BANK CONTINUES TO SUPPORT THE AGRICULTURAL SECTOR…

Press release…

As one of the pioneers of Asset-Backed Securities Issuance (VDMK) in Turkey, PASHA Bank continues to support the agricultural sector. Having provided a total of 170 million TL support for the agricultural season since 2020, PASHA Bank has issued an additional 50 million TL of VDMK, thus providing the sector with a resource of 220 million TL. PASHA Bank aims to provide an additional 100 million TL support to the agricultural sector by the end of the year.

PASHA Bank and OMG Capital Advisors, on behalf of Tarfin Tarım A.Ş. (Tarfin Agriculture Inc.), have issued a VDMK worth of 50 million TL with an average maturity of 345 days to be presented to qualified investors.

PASHA Bank, which has been supporting agriculture since 2020, has provided 220 million TL of support since 2020 with today’s issuance. PASHA Bank aims to support an additional 100 million TL by the end of the year.

Thus the agricultural input needs of approximately 4,350 farmers were funded from the capital markets. This issuance not only enabled Tarfin to support more farmers, but also showed once again the critical role played by innovative capital market instruments such as VDMK in financing the real sector.

TARFIN sells fertilizers, seeds, feed and similar agricultural inputs in 7,395 villages and 746 sales points in 75 provinces across Turkey at competitive prices and with maturity opportunities suitable for farmers’ cash flows.

About İsmail Uğural

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