Bond Akbanque 0% ( TRFAKBK22170 ) in TRY

Issuer	Akbanque
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFAKBK22170 ( in TRY )
Interest rate	0%
Maturity	18/02/2021 - Bond has expired
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Minimal amount	100 TRY
Total amount	528 800 000 TRY
Detailed description	Akbank is a major Turkish commercial bank offering a wide range of financial services including retail banking, corporate banking, investment banking, and private banking. An analysis of the bond identified by ISIN TRFAKBK22170, issued by Akbank, provides insight into a specific financial instrument from the Turkish market. Akbank, a leading Turkish financial institution, plays a significant role in the country's banking sector, offering a comprehensive suite of services including corporate, commercial, SME, consumer, and private banking across its extensive network. This particular bond, denominated in Turkish Lira (TRY), represented a substantial total issuance size of 528,800,000 TRY. Notably, it carried a 0% interest rate, indicating its likely structure as a zero-coupon bond where investor returns were derived from the discount at which it was purchased relative to its face value at redemption, rather than through periodic coupon payments. The bond, issued from Turkey, had a minimum purchase size set at 100 units. Its scheduled maturity date was February 18, 2021. Upon reaching this maturity, the bond was fully redeemed at 100% of its nominal value, signifying the complete repayment of the principal to its bondholders and the successful conclusion of its lifecycle.