Bond Guaranty Bank 0% ( TR0GRAN015J2 ) in TRY

Issuer	Guaranty Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TR0GRAN015J2 ( in TRY )
Interest rate	0%
Maturity	03/12/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	32 117 400 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 debt markets reveals the final status of a specific bond issuance, identified by ISIN code TR0GRAN015J2. This debt instrument, classified as a standard obligation, was issued by Garanti Bank, one of Turkey's leading and most respected financial institutions. Türkiye Garanti Bankas? A.?., headquartered in Istanbul, Turkey, is widely recognized for its robust presence in retail, corporate, and investment banking sectors, and is notably majority-owned by the Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA), providing it with significant international backing and financial stability. The bond in question, denominated in Turkish Lira (TRY), represented a total issue size of 32,117,400 TRY. It was made accessible to investors with a relatively low minimum purchase threshold of 100 TRY. A key characteristic of this particular security was its zero-coupon nature, as indicated by a 0% interest rate, implying that investors acquired the bond at a discount to its face value and were entitled to receive the full principal amount upon maturity, without interim interest payments. The bond reached its designated maturity date on December 3, 2019, and as per its terms, the bond's value at maturity stood at 100% of its face amount, confirming that the principal was fully repaid to bondholders, with the reported 'Current Market Price' of 100% at this stage signifying its successful redemption rather than ongoing market trading. This concludes the lifecycle of the TR0GRAN015J2 bond, confirming its complete and timely repayment by Garanti Bank, reinforcing the issuer's commitment to its financial obligations within the Turkish debt landscape.