CreditMarket data 2026-09-04

← Corporate Bonds  ·  Sector Spreads

Alternati̇f Fi̇nansal Ki̇ralama A.Ş.#

Fund User detail page — this entity is the credit-bearing borrower behind 12 sukuk across 1 SPV. See CONVENTIONS §14 on the SPV vs Fund User distinction.

Outstanding Sukuk
12
all ISINs where this entity is Fund User
Total Raised
₺1.20B
nominal across all SPVs
SPVs Used
1
Varlık Kiralama vehicle
Sector
Leasing/Factoring
classification from KAP entity name
Refi Risk (12m)
0.92×
moderate · ₺1.10B maturing vs ₺1.20B issued
Latest Captured Rating (Fund User)
Uzun Vadeli Ulusal Kredi Notu-AA
Investment Grade · Fitch Ratings · 2025-12-08 · validity unverified

Rating Decision History#

Latest decision-grain evidence for this borrower hierarchy. Status and raw agency notation remain source-specific. Open all 6 matching decisions.

Latest rating decisions matching ALTERNATİF FİNANSAL KİRALAMA A.Ş.
Decision dateBorrowerRoleAgencyRaw agency notationScaleAction / outlookStatusEvidence
2025-12-08ALTERNATİF FİNANSAL KİRALAMA A.Ş.Fund UserFitch RatingsUzun Vadeli Ulusal Kredi Notu BB- (tur)Türkiye NationalKAP issuance observationKAP observation; not currentKAP issuance
2025-12-08ALTERNATİF FİNANSAL KİRALAMA A.Ş.Fund UserFitch RatingsUzun Vadeli Ulusal Kredi Notu-AA (tur)Türkiye NationalKAP issuance observationKAP observation; not currentKAP issuance
2025-12-08ALTERNATİF FİNANSAL KİRALAMA A.Ş.Fund UserJCRUzun Vadeli Ulusal Kredi Notu-A+ (Tr)Türkiye NationalKAP issuance observationKAP observation; not currentKAP issuance
2025-01-08ALTERNATİF FİNANSAL KİRALAMA A.Ş.Fund UserFitch RatingsUzun Vadeli Ulusal Kredi Notu-AA (tur)Türkiye NationalKAP issuance observationKAP observation; not currentKAP issuance
2024-12-12ALTERNATİF FİNANSAL KİRALAMA A.Ş.Fund UserFitch RatingsUzun Vadeli Ulusal Kredi Notu-AA (tur)Türkiye NationalKAP issuance observationKAP observation; not currentKAP issuance
2023-11-02ALTERNATİF FİNANSAL KİRALAMA A.Ş.Fund UserFitch RatingsUzun Vadeli Ulusal Kredi Notu-AA (tur)Türkiye NationalKAP issuance observationKAP observation; not currentKAP issuance

Credit Curve vs Treasury & Sector Peers#

Each diamond is a sukuk where this entity is the Fund User; the dashed grey line is today's TRY Treasury curve. Distance above Treasury = all-in credit spread. The dotted orange line is the median yield of Leasing/Factoring-sector sukuk; diamonds above it = this Fund User trading wide vs peers.

Credit Curve — ALTERNATİF FİNANSAL KİRALAMA A.Ş. sukuk vs Treasury, 2026-08-27. Axes: Maturity · Yield (%).

Yield History — Last 4 Months#

How this Fund User's sukuk have re-marked over the past 4 months. Use this with the credit-curve snapshot above to answer: is the entity getting cheaper or richer, and is the move concentrated on specific maturities or whole-curve?

Yield History — ALTERNATİF FİNANSAL KİRALAMA A.Ş.'s sukuk, last 4 months. Axes: Compound yield (%).

All Sukuk — Consolidated Across SPVs#

Data table with 12 rows across 9 columns
ISINSPV (issuer)TypeYield TypeCCYMaturityDTMIssue AmountLast Auction Yld
TRDEMVK92638Emlak Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2026-09-2117₺100.00M37.25%
TRDEMVK92646Emlak Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2026-09-2521₺100.00M38.00%
TRDEMVKE2636Emlak Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2026-10-2753₺100.00M41.00%
TRDEMVKA2655Emlak Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2026-12-0491₺100.00M42.75%
TRDEMVKA2614Emlak Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2026-12-18105₺100.00M39.00%
TRDEMVK12750Emlak Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2027-01-26144₺100.00M35.50%
TRDEMVK22767Emlak Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2027-02-26175₺100.00M37.90%
TRDEMVK22759Emlak Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2027-02-26175₺100.00M37.90%
TRDEMVK32725Emlak Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2027-03-18195₺100.00M42.00%
TRDEMVK52723Emlak Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Değişken / Variable-TLREFK e Dayalı/Indexed to TLREFKTRY2027-05-26264₺100.00M0.00%
TRDEMVK82720Emlak Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Değişken / Variable-TLREFK e Dayalı/Indexed to TLREFKTRY2027-08-03333₺100.00M0.00%
TRDEMVK72820Emlak Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2028-07-03668₺100.00M39.95%

SPVs Used for Issuance#

Every Varlık Kiralama vehicle this Fund User has issued through. The credit risk is the same (this entity), but the legal wrapper changes.

Data table with 1 rows across 4 columns
SPV (Varlık Kiralama)IssuancesNotional RaisedLatest Disclosure
EMLAK VARLIK KİRALAMA A.Ş.25₺2.27B2026-08-04 09:25

Latest Issuance Disclosures#

Latest 15 sukuk sale-completion filings naming this entity as Fund User, ranked newest first. Public output omits source handles.

Data table with 15 rows across 7 columns
RankDisclosedISINSPVCompound%Tenor (days)Maturity
12026-08-04 09:25TRDEMVK82720EMLAK VARLIK KİRALAMA A.Ş.364.02027-08-03
22026-07-06 09:04TRDEMVK72820EMLAK VARLIK KİRALAMA A.Ş.43.95%728.02028-07-03
32026-06-08 09:48TRDEMVKA2655EMLAK VARLIK KİRALAMA A.Ş.47.42%179.02026-12-04
42026-05-20 09:18TRDEMVK52723EMLAK VARLIK KİRALAMA A.Ş.371.02027-05-26
52026-04-30 09:16TRDEMVKE2636EMLAK VARLIK KİRALAMA A.Ş.45.27%180.02026-10-27
62026-03-18 09:14TRDEMVK32725EMLAK VARLIK KİRALAMA A.Ş.42.00%365.02027-03-18
72026-02-27 10:48TRDEMVK22767EMLAK VARLIK KİRALAMA A.Ş.37.92%364.02027-02-26
82026-02-27 10:46TRDEMVK22759EMLAK VARLIK KİRALAMA A.Ş.37.92%364.02027-02-26
92026-01-27 09:33TRDEMVK12750EMLAK VARLIK KİRALAMA A.Ş.38.66%364.02027-01-26
102025-12-18 10:14TRDEMVKA2614EMLAK VARLIK KİRALAMA A.Ş.39.00%365.02026-12-18
112025-12-03 10:38TRDEMVK52624EMLAK VARLIK KİRALAMA A.Ş.41.89%170.02026-05-22
122025-11-17 09:32TRDEMVK42658EMLAK VARLIK KİRALAMA A.Ş.42.54%155.02026-04-21
132025-11-03 09:05TRDEMVK42633EMLAK VARLIK KİRALAMA A.Ş.42.01%178.02026-04-30
142025-10-16 10:24TRDEMVK42617EMLAK VARLIK KİRALAMA A.Ş.42.96%176.02026-04-10
152025-10-03 16:28TRDEMVK32659EMLAK VARLIK KİRALAMA A.Ş.43.19%166.02026-03-18