SKYALP could not pay its BPP debt on maturity; SPK placed Hedef Portföy's funds into liquidation
Skyalp Finansal Teknolojiler ve Danışmanlık A.Ş. had previously announced that it could not pay its 28.09.2026 maturity BPP debt, and that on 28.09.2026 it had applied to the relevant institutions to restructure the debt's maturity and terms. The company now says that financial support expected from its partners has run into problems because the investment funds in which the partners invest are being liquidated. By its decision dated 15.10.2026, the Capital Markets Board (SPK) placed the funds of Hedef Portföy Yönetimi A.Ş. that are under liquidation into the ordinary liquidation process. The text describes BPP in this context as a payment obligation of public origin that enables the buying and selling of the funds.
What does it mean?
Skyalp says it could not pay a debt that had come due and asked for it to be restructured. It plans to pay the debt with support from its partners.
Who is affected?
Lenders to Skyalp, the company's partners and investors, and people who invest in the funds of Hedef Portföy Yönetimi under liquidation.
What changes?
Previously, the 28.09.2026 maturity debt was unpaid and an extension application had been made. In addition, the SPK decision set the Hedef Portföy funds into the ordinary liquidation process.