Bond Guaranty Bank 0% ( TR0GRAN00RS0 ) in TRY

Issuer	Guaranty Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TR0GRAN00RS0 ( in TRY )
Interest rate	0%
Maturity	31/05/2018 - Bond has expired
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Minimal amount	1 TRY
Total amount	47 708 228 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 provides a detailed analysis of the bond identified by ISIN TR0GRAN00RS0, issued by Garanti Bank, a prominent banking institution based in Turkey, recognized as one of the country's leading private banks significantly contributing to its financial sector through a wide array of services; the obligation itself was denominated in Turkish Lira (TRY), had a total issuance size of 47,708,228 units with a minimum purchase size of 1 unit, notably featured a 0% interest rate indicating its structure as a zero-coupon instrument where investor returns are typically derived from the discount at issuance and full repayment at par, and with a payment frequency of 1, this specific debt instrument reached its maturity on May 31, 2018, and has since been fully repaid at its 100% par value, confirming the successful redemption of the bond.