The second commercial paper issuance of DİMES Gıda, carried out through ÜNLÜ Menkul Değerler A.Ş., a subsidiary of Türkiye’s leading investment services and asset management group ÜNLÜ & Co, has been successfully completed. Following the company’s first issuance, which was offered to qualified investors in Türkiye, the second issuance was fully subscribed by international institutional investors.
DİMES Gıda Sanayi ve Ticaret A.Ş. successfully completed its planned second commercial paper issuance of TRY 250 million under its TRY 500 million issuance ceiling approved by the Capital Markets Board. With this transaction, the company completed its issuance programme with a total financing amount of TRY 500 million.
The company’s first commercial paper issuance in May was offered to qualified investors in Türkiye. Initially planned with a nominal amount of TRY 150 million, the first issuance was increased to TRY 250 million in line with strong investor demand.
Strong Investor Demand and International Interest
Having entered the capital markets for the first time through a commercial paper issuance, DİMES successfully completed all planned issuances within a short period of time. The full subscription of the second issuance by international institutional investors demonstrates international confidence in the company’s financial structure and growth strategy, while also contributing to the diversification of its investor base.
Strengthened Position in Capital Markets and Continued Strategy
The issuances carried out through ÜNLÜ Menkul Değerler A.Ş., a subsidiary of Türkiye’s leading investment services and asset management group ÜNLÜ & Co, strengthened the company’s position in the capital markets and supported its access to alternative financing sources.
Commenting on the issuance, Cihan Diren, Chief Financial Officer of DİMES, said: “We consider the financing we secure through the capital markets as an important part of our long-term growth strategy. The fact that the second issuance was fully subscribed by international institutional investors is a significant indicator of international investor confidence in DİMES’ strong financial structure and growth vision. This interest supports our objective of expanding our investor base and strengthening our presence in the capital markets. We would like to thank the ÜNLÜ & Co team for their expert and diligent approach throughout this process, the investors for the confidence they have shown in us, our DİMES colleagues who are the true owners of all our achievements, and all our stakeholders.”
Tunç Yıldırım, Managing Director at ÜNLÜ & Co, commented on the transaction: “As ÜNLÜ & Co, we are pleased to have contributed to this issuance programme, which enabled DİMES to effectively utilise the capital markets, through our expertise in debt capital markets and our access to institutional investors. This transaction also demonstrates the strong potential that well-structured debt instrument issuances offer real sector companies in accessing alternative financing. As ÜNLÜ & Co, we will continue to contribute to transactions that strengthen companies’ presence in the capital markets and support them in building sustainable relationships with investors.”
