Turkey's securities regulator SPK approves two IPOs and multiple capital raises

The Capital Markets Board of Turkey (SPK) announced in its weekly bulletin that it approved the public offerings of Şa‑Ra Enerji İnşaat Ticaret ve Sanayi AŞ at 70 Turkish lira per share and Saat ve Saat Sanayi ve Ticaret AŞ at 56 lira per share. The board also green‑lighted a capital increase for SASA Polyester Sanayi AŞ amounting to approximately 5.5 billion lira. Additional approvals covered equity and debt issuances for Marbaş Menkul Değerler AŞ, Alnus Yatırım Menkul Değerler AŞ, Yapı Kredi Yatırım Menkul Değerler AŞ, Tam Finans Faktoring AŞ, Erciyas Çelik Boru Sanayi AŞ, Egeyapı Avrupa Gayrimenkul Yatırım Ortaklığı AŞ, Kaleserimik Çanakkale Kalebodur Seramik Sanayi AŞ, Türkiye Vakıflar Bankası TAO, Aktif Yatırım Bankası AŞ, Destek Yatırım Bankası AŞ, QNB Bank AŞ, Şekerbank Türk AŞ, DK Varlık Kiralama AŞ, Katılım Varlık Kiralama AŞ, Pasha Yatırım Bankası AŞ’s Worqcompany fund, and a VİDMK issuance. SPK also authorized Allbatross Portföy Yönetimi AŞ to increase its chartered capital from 42.5 million lira to 80 million lira and imposed temporary trading bans on two individuals.