Lease Certificate

A lease certificate is a security issued by an asset leasing company in order to finance the assets that are acquired or leased, and which entitles its holders to the revenues attained from such assets in proportion to their shares.

Lease Certificate Investment
  • Medium / long-term fixed-income investment opportunities:Lease certificates provide opportunity to have a fixed return in both medium and long term. If you want to get safe lease income, you can invest in lease certificates.
  • Coupon Payment: Lease certificates give the owner of the leased assets the right to receive termly fixed rental income.
  • Asset Based: All issued certificates are based on the visible and tangible property that guarantees the rental return.
  • Liquidity Opportunity: Lease certificates are quoted in the Istanbul Stock Exchange in which secondary market transactions are available. If investors need to convert lease certificates to liquidity, they can convert their certificates fully or partially cash before maturity date.
  • Tax Advantage: Tax is witholded at 12% for deposit accounts whereas the rate of witholding tax is at 10% for lease certificates denominated in TL .
Transaction Hours

Secondary market transactions are available between 9.00 and 17.00 on internet banking.

Buy/Sell Transactions

Buy/sell transactions are made at minimum 100 TL nominal and above multiples.

No commission is charged for the transactions.

 

Transaction Limits

Transaction limit over the Internet per transaction is at 100,000 TL for real persons and 500,000 TL for legal entities.

Kuwait Turkish Bank Lease Certificates’ details which are subject to buy&sell transactions on the Internet Banking as follows:

Kuwait Turkish Lease Certificate Asset Leasing Company Certificate Details (TRDKTVKK1411)

  • Asset Leasing Company is established by Kuwait Turkish Bank.
  • Kuwait Turkish Bank Lease Certificate is coded as TRDKTVKK1411.
  • Lease certificates are based on coupon payments. Coupon payments of Kuwait Turkish Lease Certificate will be realized on February 18th, May 20th, August 19th, and November 18th in 2014. Withholding tax will be charged by 10% from coupon payments.
  • Each coupon’s yield ratio is at 2.27%. The annual rate of return is 9.10%.
  • Final date of redemption is on November 18th in 2014.
  • 10% withholding tax will be charged for buy/sell transaction profit until the final date of redemption.

    Treasuary Asset Leasing Company Certificate Details (TRD190815T10)

  • The company is established by Rebuplic of Turkey Prime Ministry Undersecretariat of Treasury.
  • Treasuary Lease Certificate is coded as TRD190815T10.
  • Coupon payments are paid every 6 months and payment of the first coupon will be on February 19th in 2014.
  • Each coupon’s yield ratio is at 4.50%. The annual rate of return is 9.00%.
  • Withholding tax will be deducted at the rate of 10% from each coupon payment.
  • Final date of redemption is on August 19th in 2015
  • 10% withholding tax for real persons and 0% for legal entities will be charged for buy/sell transaction profit until the final date of redemption.