BORRCreditMarket data 2026-10-20

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Pinar Süt Mamülleri̇ Sanayi̇i̇ A.Ş.#

Borrower of 2 sukuk issued through ZKB Varlık Kiralama A.Ş. · Also issues directly under its own name →

Outstanding sukuk
2
all ISINs where this entity is the fund user
Registered nominal
TRY 188.88M
nominal by currency, across SPVs
SPVs used
1
Varlık Kiralama vehicle
Sector
Consumer/Industrials
classification from KAP entity name
Refinancing risk, 12 months
1.00×
moderate · ₺188.88M maturing against ₺188.88M issued
Latest KAP-observed rating (Fund User)
BBB(tr)
Investment grade · JCR Avrasya Derecelendirme A.Ş. · 2026-01-30 · validity unverified

All Sukuk — Consolidated Across SPVs#

Data table with 2 rows across 9 columns
ISINSPVTypeYield typeCurrencyMaturityTo maturity, daysIssue amountPublished issuance yield
TRDZKBVK2636ZKB Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2026-11-2738TRY 82.17M47.75% simple
55.98% compound2026-08-03 · KAP issuance disclosure
TRDZKBV12725ZKB Varlık Kiralama A.Ş.Özel Kira Sertifikası / Private Lease Cert.Sabit / FixedTRY2027-01-0678TRY 106.70M45.50% simple
52.59% compound2026-09-02 · KAP issuance disclosure

Dated credit curve#

The chart shows the latest trade of each fixed-rate or discounted lira bond in the 30 days to 2026-09-16.

Notes

That is the last trade of the borrower, 34 days before the latest market session. Spreads use the Treasury curve of the same session as each trade. An issuer curve needs at least three bonds with dated spreads.

Yields of the bonds of one borrower against the Treasury curve. Axes: Maturity at observation · Annual compound yield (%).
Compare yields and dated references →

Traded yield history · past 120 days#

The chart shows fixed-rate lira bonds in the window that ends 20 Oct 2026.

Notes

It shows up to 12 bonds with the most observed sessions. Dots are published trades and lines connect observations. The page prefers same-day settlement, then the highest traded value.

Traded yields of the fixed-rate lira bonds of one borrower over 120 days. Axes: Compound yield (%).

Recent rating decisions#

The table shows the five latest decisions for this borrower hierarchy. Status and raw agency notation stay specific to the source. Open all 7 matching decisions.

Latest rating decisions matching PINAR SÜT MAMÜLLERİ SANAYİİ A.Ş.
Decision dateRoleAgencyRaw agency notationScaleAction and outlookStatusEvidence
2026-01-30Fund UserJCRBBB (tr)International · Türkiye nationalDurağanLatest; validity unverifiedDirect archive
2026-01-30Fund UserJCRUzun Vadeli Ulusal Kurum Kredi Rating Notu : BBB (tr)Türkiye nationalKAP issuance observationKAP observation; not currentKAP issuance
2025-01-30Fund UserJCRBBB (tr)International · Türkiye nationalDurağanSupersededDirect archive
2025-01-30Fund UserJCRUzun Vadeli Ulusal Kurum Kredi Rating Notu : BBB (tr)Türkiye nationalKAP issuance observationKAP observation; not currentKAP issuance
2024-01-30Fund UserJCRBBB+ (tr)International · Türkiye nationalDurağanSupersededDirect archive

SPVs Used for Issuance#

The table lists every Varlık Kiralama vehicle that this fund user has issued through.

Notes

The credit risk is the same, because it is this entity. Only the legal wrapper changes.

Data table with 1 rows across 4 columns
SPV (Varlık Kiralama)Issuances, countNominal raisedLatest disclosure
ZKB Varlık Kiralama A.Ş.9TRY 1.29B2026-09-02 09:20

Latest Issuance Disclosures#

The table shows the latest 15 sukuk sale-completion filings that name this entity as the fund user, newest first. Public output omits source handles.

Data table with 9 rows across 7 columns
RankDisclosedISINSPVDisclosed yield, compound, %Tenor, daysMaturity
12026-09-02 09:20TRDZKBV12725ZKB Varlık Kiralama A.Ş.52.59%126.02027-01-06
22026-08-03 09:17TRDZKBVK2636ZKB Varlık Kiralama A.Ş.55.98%116.02026-11-27
32026-04-15 09:38TRDZKBV92636ZKB Varlık Kiralama A.Ş.54.05%140.02026-09-02
42026-03-24 10:10TRDZKBV92610ZKB Varlık Kiralama A.Ş.50.82%178.02026-09-18
52026-01-15 09:22TRDZKBV42656ZKB Varlık Kiralama A.Ş.48.46%90.02026-04-15
62025-08-22 09:40TRDZKBV12618ZKB Varlık Kiralama A.Ş.48.07%146.02026-01-15
72025-08-04 09:34TRDZKBV82611ZKB Varlık Kiralama A.Ş.—364.02026-08-03
82025-06-18 09:36TRDZKBVE2527ZKB Varlık Kiralama A.Ş.57.46%105.02025-10-01
92025-04-28 09:57TRDZKBV82512ZKB Varlık Kiralama A.Ş.58.36%116.02025-08-22

Historical bond trading#

Outright trades in matched current and historical ISINs, including matured bonds.

Notes

Issuer coverage depends on the available identity records. Repo collateral is not included. History: 2025-06-04 to 2026-10-08 · Latest exchange session: 2026-10-20.

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Loading volume history…

Values use the selected currency. All channels = order book + cross and non-cleared trades + trade reports. A gap means no matching observation. It does not mean zero. Valuation prices and 14:00 snapshots are not extra trades. Source reconciliation and historical exceptions.

Download full history CSV
SessionCurrencyMarketOrder bookCross / non-clearedTrade reportsAll channelsDeals, count