Hedef Holding fails to pay its 28 September maturing BPP debt
Hedef Holding A.Ş. announced on 29.09.2026 that it could not pay its 28.09.2026 maturing BPP borrowing on time, citing tightening financing conditions, problems with financial support expected from partners, and the liquidation of some investment funds. The company applied to the relevant institutions the same day to extend the maturity and terms of the debt. The Capital Markets Board (SPK), by its decision dated 15.10.2026, placed the liquidation-scope funds of Hedef Portföy Yönetimi A.Ş. into the ordinary liquidation process. The company plans to pay the debt as soon as possible with financial support to be obtained from its partners.
What does it mean?
The company could not pay a debt that was due on time, so it wants the maturity and terms of the debt rearranged. It plans to make the payment using financial support from its partners.
Who is affected?
Creditors and partners of Hedef Holding's BPP debt, as well as investors in the funds of Hedef Portföy Yönetimi that are under liquidation.