OPET, the strong and innovative brand of the fuel oil sector which is growing rapidly, realized its first bond issuance. OPET General Manager Cüneyt Ağca said, “This issuance qualifies as the first private sector bond issuance from the fuel oil sector as well as being the first capital market transaction of our company. We would like to thank all our investors for their interest and trust."
The bonds with 2 and 3-year maturities, simultaneously issued by OPET with the sale to qualified investors method, received great interest from the investors. The transaction, which was announced with a starting amount of 150 million TL, was increased to 200 million TL at the end of the successful demand collection process and the tranche amounts were determined as 125 million TL for 2 years and 75 million TL for 3 years.
OPET General Manager Cüneyt Ağca noted as follows: “We are enjoying the pride of completing the first bond issuance of OPET successfully. We would like to thank all our investors for their interest and trust. This issuance qualifies as the first private sector bond issuance from the fuel oil sector as well as being the first capital market transaction of our company."
Gülsevin Çipli, General Manager of Yapı Kredi Investment, which mediated the bond issuance transaction of OPET, relayed the following: “We are happy to mediate in the first bond issuance of OPET, which is one of the biggest and most reputable companies of the fuel oil sector. The integration of corporate companies with high credit quality, such as OPET with the capital markets is of great significance for the development of capital markets. And, we will continue to work along this line as Yapı Kredi Investment."
About OPET Petrolcülük A.Ş.
OPET, which was established in 1992, is among the leading organizations of the Turkish fuel oil sector. OPET, which deals with the retail and wholesale fuel oil sales, storage, trade of petroleum products, jet fuel and mineral oils, is the second biggest actors of the sector with a market share of 17.76% market share in white products.