Bond Guaranty Bank 0% ( TR0GRAN00GE3 ) in TRY

Issuer	Guaranty Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TR0GRAN00GE3 ( in TRY )
Interest rate	0%
Maturity	01/02/2018 - Bond has expired
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Minimal amount	100 TRY
Total amount	31 000 000 TRY
Detailed description	Garanti Bank is a major Turkish bank offering a wide range of financial services, including retail, corporate, and investment banking, with a significant international presence. An analysis of a specific debt instrument, identified by ISIN TR0GRAN00GE3, details a bond issued by Garanti Bank, a prominent private financial institution headquartered in Turkey. This Turkish Lira (TRY) denominated security, which commenced with a total issue size of 31,000,000 TRY and a minimum purchase amount of 100 TRY, notably carried a 0% interest rate, indicating its likely design as a zero-coupon bond structured for a single repayment at its conclusion, where its market price was observed at 100% of its par value. The obligation successfully reached its maturity on February 1, 2018, and has since been fully redeemed, signifying the complete settlement of this financial instrument.