Bond Guaranty Bank 0% ( TR0GRAN01624 ) in TRY

Issuer	Guaranty Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TR0GRAN01624 ( in TRY )
Interest rate	0%
Maturity	19/12/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	16 640 000 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 analysis details the bond identified by ISIN TR0GRAN01624, which has successfully reached its maturity date and been fully redeemed. The issuer of this debt instrument was Garanti Bank, a major private bank in Turkey, founded in 1946 and currently majority-owned by the Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA), underlining its established presence within the Turkish and international financial landscape. Issued from Turkey in Turkish Lira (TRY), this specific bond was noteworthy for its zero-percent interest rate, categorizing it as a zero-coupon bond where no periodic interest payments were made, with investors typically realizing their return from the difference between the purchase price and the face value received at maturity. The total size of this particular issuance amounted to 16,640,000 TRY, with a minimum purchase size set at 100 TRY per unit. The bond reached its maturity on December 19, 2019, at which point it was fully repaid at its nominal value, as indicated by its market price at redemption of 100%, signifying that the principal amount was returned to bondholders on the stipulated maturity date.