Bond Akbanque 0% ( TRSAKBKA1916 ) in TRY

Issuer	Akbanque
Market price	100 % ⇌
Country	Turkey
ISIN code	TRSAKBKA1916 ( in TRY )
Interest rate	0%
Maturity	16/12/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	325 800 000 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 overview of the bond identified by ISIN TRSAKBKA1916 reveals its full lifecycle, from issuance by Akbank, a prominent Turkish financial institution, to its successful redemption. This specific debt instrument, a bond denominated in Turkish Lira (TRY), was part of a total issuance valued at 325,800,000 TRY, with a minimum purchase threshold set at 100 TRY. Originating from Turkey, the bond featured a 0% interest rate and a payment frequency of one, indicating it was likely a zero-coupon instrument designed for redemption at its par value, consistent with its current market price of 100% at maturity. The bond reached its scheduled maturity on December 16, 2019, and has since been fully reimbursed to its holders, concluding its financial cycle as a successfully repaid obligation.