Bond Guaranty Bank 0% ( TR0GRAN01467 ) in TRY

Issuer	Guaranty Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TR0GRAN01467 ( in TRY )
Interest rate	0%
Maturity	19/09/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	97 647 219 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. A review of the debt instrument identified by the International Securities Identification Number (ISIN) TR0GRAN01467 reveals its recent status as a matured and fully repaid obligation, originally issued by Garanti Bank, a prominent financial institution based in Turkey. This specific bond, which was classified as an obligation and originated from Turkey, was denominated in Turkish Lira (TRY) and had a total issuance size of 97,647,219 TRY, with a minimum purchase size of 100 TRY, making it accessible to a range of investors within the Turkish financial market. A notable characteristic of this bond was its 0% interest rate, suggesting it operated as a zero-coupon instrument where the return to investors derived from the difference between the purchase price and the face value received at maturity, rather than periodic interest payments. With a payment frequency of one, indicating a single principal repayment, the bond reached its maturity on September 19, 2019, at which point its market price was quoted at 100%, signifying that the principal amount was fully returned to bondholders, thereby confirming its successful completion and repayment as stated by the issuer.