A Second Approval To Emay From Capital Markets Board Of Turkey

A Second Approval To Emay From  Capital Markets Board Of Turkey

Capital Markets Board of Turkey (CMB) approved the application of the debt instrument issuance of Emay Construction with a value of 500 million Turkish Lira for the second time.

Capital Markets Board of Turkey approved the application of  the debt instrument issuance of Emay Construction with a value of 500 million Turkish Lira.It is indicated that Emay Construction, which realized its first bond issuance in 2015, is targeting to diversify its resource structure with a good strategy and in a timely manner. The turnover of the company is expected to be over 2.5 billion Turkish Lira to be derived from its ongoing real estate development projects located in Kadıköy, Ayazağa, Gayrettepe districts of Istanbul as well as in Yalova province within the scope of urban renovation under KentPlus brand and its tourism sector projects.Emay Construction is targeting to offer alternative and profitable opportunity for qualified investors with its revenue structure financed by various resources such as prestigious apartment sale, rental income and real estate investment, skilled and experienced management staff, previous project development and completion performances, current profitability, strong equity and financial structure. 

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