Bond Depha Bank Plc 0% ( XS0221762932 ) in TRY

Issuer	Depha Bank Plc
Market price	100 % ▲
Country	Ireland
ISIN code	XS0221762932 ( in TRY )
Interest rate	0%
Maturity	23/06/2020 - Bond has expired
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Detailed description	Depfa Bank plc was an Irish-registered bank specializing in public sector financing, ultimately collapsing during the 2008 financial crisis due to substantial losses on its portfolio of complex financial instruments. A detailed review of a specific fixed-income instrument, identified by its ISIN XS0221762932, reveals the characteristics of this bond issued by Depfa Bank Plc. This debt security, originating from Ireland, was denominated in Turkish Lira (TRY) and carried a zero-interest rate, implying a zero-coupon structure where no periodic interest payments were disbursed, despite a stated payment frequency of one. The bond matured on June 23, 2020, and was reported at a market price of 100% at the time of its redemption. The issuer, Depfa Bank Plc, a historically significant institution within the European public finance sector, underwent nationalization by the German government following the 2008 financial crisis and has since been in a managed wind-down phase, primarily focused on fulfilling its legacy obligations and managing its existing portfolio. Consistent with its maturity date, this bond has been successfully redeemed and fully repaid, signifying Depfa Bank Plc's fulfillment of its financial commitment to the bondholders.