Enerjisa Energy Breaks Bond Issuance Record for Second Time This Year
Turkey's primary energy company, Enerjisa, releases a significant $130 million bond, marking a new record.
Turkey's largest electricity distribution company, Enerjisa Energy, has announced a new record bond issue of ₺5.25 billion ($129.70 million) on Wednesday. This follows the company's previous record-breaking bond issuance of ₺4.8 billion in February.
According to Mert Erdogmus, General Manager of Ak Investment, the successful collaborations with Enerjisa Energy have made significant contributions to Turkey's capital markets. The bond issue, with a maturity of 726 days, has broken the record for the largest bond issuance ever made on behalf of the real sector in Turkey's capital markets.
Enerjisa Energy's Chief Financial Officer, Philipp Ulbrich, stated that the strong demand for the new bond is a clear indication of the confidence in Enerjisa's strong performance, both in financial markets and among investors. The funds from this bond issue will be used to finance the company's investments in energy transformation in Turkey.
Murat Pinar, CEO of Enerjisa Energy, mentioned that the funds will be used to modernize the distribution network, accelerate investments focused on digitalization, and energy efficiency. Pinar also emphasized that the company is focused on building not only today's but also tomorrow's energy needs.
Founded in 1996, Enerjisa Energy underwent restructuring in 2009 through a partnership between Sabanci Holding and German E.ON, and entered a period of growth. The company conducts its operations through its wholly-owned distribution and retail companies.
Enerjisa Energy is publicly traded on Turkey's stock exchange, Borsa Istanbul (ENJSA). The latest transaction has brought Enerjisa Energy's total outstanding bond amount to ₺35.935 billion ($888.10 million).
Turkey's energy investment plans focus heavily on renewable energy growth (solar and wind), green energy infrastructure, and natural gas development for energy independence. The government has introduced reforms to boost private sector investment and simplify bureaucratic procedures to accelerate these projects. Enerjisa Energy, as a key energy player, likely plays a role in these developments, although specific recent bond issuances by Enerjisa are not detailed in the search results.
For the latest and detailed updates on Enerjisa’s bond issues or specific investment activities, consulting Enerjisa’s official disclosures, financial reports, or regulatory filings would be necessary, as such specific financial transaction details are not covered in the current search context.
The record-breaking bond issuance of ₺5.25 billion ($129.70 million) by Enerjisa Energy, Turkey's largest electricity distribution company, was announced in Istanbul, demonstrating a strong confidence in the company's financial performance and business growth. The funds from this bond issue will be allocated towards modernizing the distribution network, enhancing digitalization, and improving energy efficiency, aligning with Turkey's focus on renewable energy growth and energy independence.
