Bond Guaranty Bank 0% ( TR0GRAN00P88 ) in TRY

Issuer	Guaranty Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TR0GRAN00P88 ( in TRY )
Interest rate	0%
Maturity	30/05/2018 - Bond has expired
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Minimal amount	100 TRY
Total amount	41 950 000 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 the TR0GRAN00P88 bond, identified by its ISIN code, sheds light on a completed chapter within the Turkish debt market. This debt instrument, issued by Garanti Bank, a leading financial institution within Turkey's banking sector, represented a substantial issuance originating from the Turkish jurisdiction. The bond, denominated in Turkish Lira (TRY), carried a total issue size of 41,950,000 TRY, reflecting a notable capital raise. Its stated interest rate of 0% suggests it operated as a zero-coupon instrument or had reached a point where interest accrual was no longer relevant due to its maturity, with investors having the opportunity to acquire units in minimum increments of 100 TRY. Garanti Bank, the issuer, is recognized as one of Turkey's largest private banks, boasting a comprehensive array of financial services and a significant footprint in both retail and corporate banking across the nation. Its strategic position within the Turkish economy underpins its role as a key player in domestic and international financial markets. The bond's lifecycle concluded precisely on its stipulated maturity date of May 30, 2018, when it was fully repaid to investors at its par value, confirmed by the 100% market price at the time of redemption. This successful repayment underscores the issuer's commitment to its financial obligations, thereby bringing the TR0GRAN00P88 bond's investment cycle to a definitive close.