16.05.2025 11:22
Businessman Acun Ilıcalı received good news from the Capital Markets Board. The CMB approved the application for a 2 billion lira debt instrument issuance for TV8, which is owned by Acun Ilıcalı. Following this move, which allows for borrowing beyond traditional loans, Ilıcalı will be able to borrow at a lower cost and for a longer term.
Acun Medya, the owner of media organizations such as TV8 and TV8.5, received good news from the Capital Markets Board (CMB) that pleased Acun Ilıcalı.
Acun Ilıcalı, who also serves as the Vice President of Fenerbahçe Sports Club, applied to the CMB for the issuance of a 2 billion lira debt instrument for TV8, which he owns. In the CMB's weekly bulletin dated May 15, the application of TV8 Tv Yayıncılık A.Ş. was approved.
LAST YEAR, IT HAD ALSO RECEIVED APPROVAL FOR 600 MILLION
Last year, Acun Ilıcalı had also applied to the CMB for the issuance of a debt instrument. The Capital Markets Board had granted permission for the issuance of a debt instrument worth 600 million lira to TV8 in June 2024.
WHAT IS DEBT INSTRUMENT ISSUANCE?
Debt instrument issuance refers to financial instruments that allow a company to borrow from the capital markets outside of bank loans. These issuances provide a more cost-effective and longer-term borrowing option compared to loans that would be obtained through the banking system under current market conditions.
Companies that issue bonds or bills have the opportunity to diversify their resources and escape the collateral obligations they provide in exchange for loans. In borrowings through the banking system, the interest rate and payment method are determined by the bank. On the other hand, in bond and bill issuances, the issuer company determines the payment method. While bond issuance offers investors direct access to liquidity, the interest paid to bondholders can be deducted from the taxable income since it appears as a liability on the issuer company's balance sheet.