Economy 6 sources
Tera Portföy declares default in two funds, payment periods extended in six funds
On the evening of September 16, as Borsa Istanbul (BIST) fell sharply, Tera Portföy declared a payment default in its THF and TP2 funds. Unit share value in six free funds, including TLY, will now be calculated on the 15th of each month, with sale proceeds paid on the 10th business day.
Source spectrum State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign 
EkonomimFirst to publish the story16 Sept, 20:23 Tera Portföy’ün iki fonu temerrütte, 6 fonunda para 10’uncu iş günü ödenecek 
Karar4th to publish the story16 Sept, 22:18 Pusula’nın ardından Tera Portföy’de kritik gelişme: İki fonda temerrüt, 6 fonda ödeme süresi uzadı 
Halk TV5th to publish the story16 Sept, 22:47 Fonları temerrüde düşen Tera Portföy Cumhurbaşkanı Erdoğan'a sığındı! 
Cumhuriyet6th to publish the story16 Sept, 23:20 Tera Portföy'ün fonları temerrüde düştü: Başkanından 'Erdoğan' ve 'spekülasyon' vurgulu açıklama geldi +2 +3 Cumhuriyet · 6th to publish the story BirGün · 3rd to publish the story Evrensel · 2nd to publish the story
EkonomimFirst to publish the story16 Sept, 20:23 Tera Portföy’ün iki fonu temerrütte, 6 fonunda para 10’uncu iş günü ödenecek Karar4th to publish the story16 Sept, 22:18 Pusula’nın ardından Tera Portföy’de kritik gelişme: İki fonda temerrüt, 6 fonda ödeme süresi uzadı Halk TV5th to publish the story16 Sept, 22:47 Fonları temerrüde düşen Tera Portföy Cumhurbaşkanı Erdoğan'a sığındı! Cumhuriyet6th to publish the story16 Sept, 23:20 Tera Portföy'ün fonları temerrüde düştü: Başkanından 'Erdoğan' ve 'spekülasyon' vurgulu açıklama geldi +2 +3 Cumhuriyet · 6th to publish the story BirGün · 3rd to publish the story Evrensel · 2nd to publish the story Where reports differ
Independent press Ekonomim and Karar focused on the technical content of the disclosures, noting that the default does not mean the fund's collapse but that investors could not access their money within the expected timeframe, and that fund size data varied between 224 and 243 billion lira across different platforms.
Opposition-leaning press Cumhuriyet, Halk TV, BirGün and Evrensel highlighted a statement by Tera Holding Chairman Emre Tezmen referencing President Erdoğan and describing the process as a "speculative attack"; they presented Tezmen's defense of a "temporary liquidity shortage" with skepticism.
Tera Portföy Emre Tezmen Borsa Istanbul (BIST) Public Disclosure Platform (KAP) Sermaye Piyasası Kurulu Mehmet Şimşek Pusula Portföy
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