CMB Approves Luxera and Savur REIT IPOs: Major Borrowing Limits Established

Two New REITs to Go Public The Capital Markets Board (CMB) has approved the initial public offering (IPO) applications of Luxera Gayrimenkul Yatırım Ortaklığı AŞ and Savur Gayrimenkul Yatırım Ortaklığı AŞ, according to its latest weekly bulletin.
As part of the approval, Luxera Gayrimenkul will increase its existing capital from 240 million TL to 330 million TL, involving the sale of 90 million shares.
Savur Gayrimenkul plans to raise its capital from 874.6 million TL to 1.083 billion TL through a rights issue of 208.4 million TL.
Capital Increases and Issuance Approvals In addition to the IPOs, the Board evaluated applications regarding the capital structures of existing companies.
Martı Otel İşletmeleri AŞ received approval for a 900 million TL rights issue, while Rainbow Polikarbonat Sanayi Ticaret AŞ was cleared for a 570 million TL bonus share issuance.
Furthermore, Emlak Katılım Varlık Kiralama AŞ's application for a 50 billion TL lease certificate (sukuk) and asset-backed security (VİDMK) issuance was accepted.
Billion-Lira Borrowing Limits Set The CMB bulletin also finalized borrowing instrument issuance limits for several major corporations.
Notable approved limits include: Türk Telekomünikasyon AŞ: 15 billion TL Inveo Yatırım Holding AŞ: 10 billion TL Kontrolmatik Teknoloji: 9.5 billion TL QNB Finansal Kiralama: 2 billion TL Uşak Seramik: 1 billion TL Fikret Petrol: 750 million TL Quick Finansman: 700 million TL Altınkılıç Gıda and Güney Yıldızı Petrol: 500 million TL each