Bond Guaranty Bank 0% ( TR0GRAN00GR5 ) in TRY

Issuer	Guaranty Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TR0GRAN00GR5 ( in TRY )
Interest rate	0%
Maturity	10/10/2017 - Bond has expired
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Minimal amount	100 TRY
Total amount	35 000 000 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. This financial article details a specific debt instrument, a bond identified by the International Securities Identification Number (ISIN) TR0GRAN00GR5, issued by Garanti Bank, a major private financial institution in Turkey established in 1946 and a key player in the country's banking landscape, offering comprehensive services across corporate, commercial, retail, and investment segments. The bond, denominated in Turkish Lira (TRY), represented a total issue size of 35,000,000 units, with a minimum purchase size set at 100 units, and originated from Turkey; notably, it carried a stated interest rate of 0%, suggesting it functioned as a zero-coupon instrument or that the interest payment phase had concluded, which aligns with a payment frequency of 1, likely indicating a single principal repayment event. This bond reached its maturity date on October 10, 2017, and was subsequently repaid, with its final market price reflecting 100% of its nominal value upon full redemption.