Bond Akbanque 0% ( TRFAKBKA2091 ) in TRY

Issuer	Akbanque
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFAKBKA2091 ( in TRY )
Interest rate	0%
Maturity	29/12/2020 - Bond has expired
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Minimal amount	100 TRY
Total amount	25 300 000 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 TRFAKBKA2091 reveals a fixed-income instrument issued by Akbank, a prominent financial institution based in Turkey. Akbank stands as one of Turkey's largest and most established private banks, offering a comprehensive suite of banking and financial services across corporate, commercial, retail, and private segments, thereby playing a crucial role in the Turkish economy and financial markets. This specific bond, denominated in Turkish Lira (TRY), represented a total issuance size of 25,300,000 TRY, with a minimum acquisition threshold of 100 TRY. A distinctive characteristic of this bond was its stated interest rate of 0%, suggesting a structure often associated with a zero-coupon bond where investor returns are derived from the difference between the discounted issuance price and the par redemption value. The instrument featured a payment frequency of 1. The bond reached its scheduled maturity on December 29, 2020, at which point it was successfully repaid, with its final market value settling at 100%, indicating a full redemption at par.