| OFFERINGS MARKET FOR QUALIFIED INVESTORS |
The Offering Market for qualified investors was organized for the dept instruments are placed by issuers defined in the CMB Communiqué to “qualified investors” as defined in the capital markets legislation without having to prepare any prospectus and circular.
ISE announced the principles via Circular Letter No. 355 in 2010, after they were amanded by Circular Letter No. 375 in 2011.
According to regulation, borrowing instruments to be issued to qualified investors in this market are directly opened to secondary trading on the Outright Sales Market under the ISE Bonds and Bills Market just among qualified investors.
Qualified Investors mainly include:
• Banks,
• Domestic and international mutual funds,
• Insurance companies,
• Brokerage Houses,
• Real and legal persons holding Turkish and/or foreign monetary and capital market instruments with a value equal to minimum TL 1 million as of the issue date of the capital market instruments
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