Enerjisa Enerji attains remarkable achievements: TL 10 billion bond issuance having a maturity of seven years

By maintaining its commitment to extensive infrastructure investments thanks to its strong and enduring financing structure, the Company has once more validated its esteemed reputation and ability to secure funding in the capital markets through this transaction. Enerjisa Enerji disclosed the issuance of bonds worth TL 10 billion with a maturity period of seven years by a statement published on the Public Disclosure Platform (PDP). Accordingly, the Company’s bonds in circulation have reached TL 34.2 billion in total.

With this latest bond issuance, the Company has once more surpassed its previous record in terms of the scale of the bond issuance in the real sector; a record the Company already accomplished twice in 2025. The issuance, structured through Ak Investment, features a total maturity period of seven years with partial principal repayments at the end of each year beginning as of the end of the second year, was secured at a quite competitive price of BIST TLREF index change plus 150 basis points. Although issuances with maturities of one year to two years have been predominantly successful in the market thus far, this transaction has established a new benchmark in the real sector, both in terms of its substantial scale and its extended maturity.

A robust beginning to the new regulatory period

Sustaining its investments in line with its vision of "A Better Future for All", Enerjisa Enerji has begun the fifth regulatory period on a solid financial basis. In this age of heightened electrification, digitalization, and energy security, there is a pressing requirement for smarter and more resilient distribution networks. Therefore, the Company is entirely dedicated to enhancing and broadening its infrastructure, playing a vital role in Türkiye's energy transformation while sustaining its profitable growth. This unprecedented bond issuance, corresponding to approximately one-third of the company's annual investment volume, aligns with the reliable cash flow generation ability of the distribution business line.

Pınar: “This serves as a definitive sign of trust in our long-term growth strategy.”

Evaluating the latest bond issuance, Murat Pınar, CEO of Enerjisa Enerji, stated: “This large-scale bond issuance with a long maturity period, which has been finalized at the onset of the fifth regulatory period, serves not only as a financing transaction but also establishes a financial framework that aligns with our investment model. This financing model, designed to align with the reliable and regulated revenue structure of our distribution business line, fortifies our balance sheet. This enables us to expand our investments into a more stable and sustainable foundation. Successfully finalizing a bond issuance of this scale and maturity amidst continuous global and local fluctuations serves as a definitive sign of trust in Enerjisa's prudent financial management and long-term growth strategy. With the financial resources we have allocated, we will persist in enhancing our distribution infrastructure and in supporting the development of a more resilient and efficient energy infrastructure in Türkiye.”

Ulbrich: “Once again, we have validated our strong credibility in the capital markets”

Underlining the significance of the bond issuance, Philipp Ulbrich, CFO of Enerjisa Enerji, stated: “The bond issuance worth TL 10 billion with a maturity of seven years is a new record set in the real sector, in terms of its substantial scale and its extended maturity. Successfully finalizing the bond issuance by securing at a notably competitive price of BIST TLREF index change plus 150 basis points highlights our Company's strong balance sheet and robust financial performance, which, despite the prevailing macroeconomic challenges, bolsters the substantial credibility it has among its investors. This unprecedented issuance was regarded extremely appealing by our investors, owing to Enerjisa's solid balance sheet structure and the reliable cash flow generation ability of our distribution business line. We have once again validated our ability to secure diverse financing instruments in the Turkish market, through loans and bonds as well as funding allocated by International Finance Institutions, thanks to our structure supported by our sustainability strategy. The regulatory framework established during the fifth regulatory period has been designed to foster a conducive business environment, facilitating profitable investments even amidst the current elevated real interest rate conditions. Thanks to our scalable and prudent financing approach, we will persist in fostering the growth of Enerjisa Enerji in a sustainable and profitable manner. And, we will steadfastly pursue the essential investments in Türkiye's energy infrastructure in line with our objective of ensuring our customers have reliable energy access at all times.

Erdoğmuş: “We set two new records by issuing bonds with a maturity of seven years and staggered principal repayments.”

Underlining that they have achieved many firsts with Enerjisa Enerji by successfully concluding several bond issuances thus far, Mert Erdoğmuş, Managing Director of Ak Investment, stated; “Successfully finalizing the Enerjisa Enerji’s bond issuance with a maturity of five years on August 1, 2017, which was the inaugural private sector bond issuance with such maturity in Türkiye, we set a new record for the largest bond issuance in the real sector, amounting to TL 5.25 billion on July 18, 2025. Now, we have accomplished the largest issuance of real sector debt instruments in history, with the latest bond issuance amounting to TL 10 billion and a maturity period of 2,548 days. Moreover, this bond issuance holds considerable importance as it represents the first debt instrument that features principal repayment in equal installments. We take pride in facilitating yet another groundbreaking issuance of a debt instrument in terms of both its maturity and its total amount. We, at Ak Investment, are dedicated to sustaining our leading position in the issuance of private sector debt instruments.”