CreditMarket data 2026-09-04

← Corporate Bonds  ·  Sector Spreads

Karsan Otomoti̇v Sanayi̇i̇ Ve Ti̇caret A.Ş.#

Fund User detail page — this entity is the credit-bearing borrower behind 6 sukuk across 2 SPVs. See CONVENTIONS §14 on the SPV vs Fund User distinction.

Outstanding Sukuk
6
all ISINs where this entity is Fund User
Total Raised
₺1.31B
nominal across all SPVs
SPVs Used
2
distinct Varlık Kiralama vehicles
Sector
Consumer/Industrials
classification from KAP entity name
Refi Risk (12m)
1.00×
moderate · ₺1.31B maturing vs ₺1.31B issued
Latest Captured Rating (Fund User)
Uzun Vadeli Ulusal Kredi Notu A+
Non-IG · JCR Avrasya Derecelendirme A.Ş. · 2026-05-22 · validity unverified

Rating Decision History#

Latest decision-grain evidence for this borrower hierarchy. Status and raw agency notation remain source-specific. Open all 9 matching decisions.

Latest rating decisions matching KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş.
Decision dateBorrowerRoleAgencyRaw agency notationScaleAction / outlookStatusEvidence
2026-05-22KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş.Fund UserJCRUzun Vadeli Ulusal Kredi Notu A+ (Tr)Türkiye NationalKAP issuance observationKAP observation; not currentKAP issuance
2025-05-30KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş.Fund UserJCRUzun Vadeli Ulusal Kredi Notu A (Tr)Türkiye NationalKAP issuance observationKAP observation; not currentKAP issuance
2024-05-31KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş.Fund UserJCRUzun Vadeli Ulusal Kurum Kredi Rating Notu; A-Türkiye NationalKAP issuance observationKAP observation; not currentKAP issuance
2024-05-31KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş.Fund UserJCRUzun Vadeli Ulusal Kredi Notu A- (Tr)Türkiye NationalKAP issuance observationKAP observation; not currentKAP issuance
2020-04-09KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş.IssuerSaha RatingNot structured from KAP proseUnclassifiedOutlook UpdateKAP event; not currentKAP event
2019-04-18KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş.Fund UserKobirateKR BBB+Türkiye NationalDURAĞANExpiredDirect archive
2018-04-18KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş.Fund UserKobirateKR A -Türkiye NationalOLUMLUSupersededDirect archive
2017-04-18KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş.Fund UserKobirateKR BBBTürkiye NationalDURAGANSupersededDirect archive
2016-04-18KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş.Fund UserKobirateKR BBBTürkiye NationalOLUMLUSupersededDirect archive

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 Consumer/Industrials-sector sukuk; diamonds above it = this Fund User trading wide vs peers.

Credit Curve — KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş. sukuk vs Treasury, 2026-09-04. 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 — KARSAN OTOMOTİV SANAYİİ VE TİCARET A.Ş.'s sukuk, last 4 months. Axes: Compound yield (%).

All Sukuk — Consolidated Across SPVs#

Data table with 6 rows across 9 columns
ISINSPV (issuer)TypeYield TypeCCYMaturityDTMIssue AmountLast Auction Yld
TRDKTLM92611Katılım Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2026-09-2218₺205.00M43.50%
TRDKTLME2623Katılım Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2026-10-0733₺158.00M46.00%
TRDKTLMK2625Katılım Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2026-11-0360₺195.00M46.00%
TRDKTLMA2635Katılım Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2026-12-15102₺250.00M45.00%
TRDKTLMA2643Katılım Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2026-12-30117₺250.00M45.00%
TRDKTLM22717Katılım Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2027-02-11160₺250.00M45.00%

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 2 rows across 4 columns
SPV (Varlık Kiralama)IssuancesNotional RaisedLatest Disclosure
KATILIM VARLIK KİRALAMA A.Ş.14₺3.24B2026-08-20 11:15
DEĞER VARLIK KİRALAMA A.Ş.3₺700.00M2025-03-05 09:16

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
12026-08-20 11:15TRDKTLM22717KATILIM VARLIK KİRALAMA A.Ş.50.30%175.02027-02-11
22026-07-07 12:11TRDKTLMA2643KATILIM VARLIK KİRALAMA A.Ş.50.27%176.02026-12-30
32026-06-18 11:12TRDKTLMA2635KATILIM VARLIK KİRALAMA A.Ş.50.14%180.02026-12-15
42026-05-08 10:49TRDKTLMK2625KATILIM VARLIK KİRALAMA A.Ş.51.41%179.02026-11-03
52026-04-10 10:12TRDKTLME2623KATILIM VARLIK KİRALAMA A.Ş.51.37%180.02026-10-07
62026-03-26 09:58TRDKTLM92611KATILIM VARLIK KİRALAMA A.Ş.51.17%180.02026-09-22
72026-03-02 15:20TRDKTLM82612KATILIM VARLIK KİRALAMA A.Ş.47.20%174.02026-08-20
82026-01-26 12:15TRDKTLM72621KATILIM VARLIK KİRALAMA A.Ş.44.11%178.02026-07-23
92026-01-08 11:38TRDKTLM72613KATILIM VARLIK KİRALAMA A.Ş.44.06%180.02026-07-07
102025-12-24 09:16TRDKTLM62614KATILIM VARLIK KİRALAMA A.Ş.44.77%176.02026-06-18
112025-08-15 12:22TRDKTLM22618KATILIM VARLIK KİRALAMA A.Ş.50.14%180.02026-02-11
122025-07-28 12:46TRDKTLM12627KATILIM VARLIK KİRALAMA A.Ş.52.54%182.02026-01-26
132025-07-10 12:40TRDKTLM12619KATILIM VARLIK KİRALAMA A.Ş.56.27%182.02026-01-08
142025-06-25 14:46TRDKTLMA2510KATILIM VARLIK KİRALAMA A.Ş.55.02%182.02025-12-24
152025-03-05 09:16TRDDGER32613DEĞER VARLIK KİRALAMA A.Ş.47.75%364.02026-03-04