Bond Turkiye 18.1% ( TRD181023T17 ) in TRY

Issuer	Turkiye
Market price	100 % ⇌
Country	Turkey
ISIN code	TRD181023T17 ( in TRY )
Interest rate	18.1% per year ( payment 1 time a year)
Maturity	18/10/2023 - Bond has expired
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Minimal amount	100 TRY
Total amount	1 914 500 000 TRY
Detailed description	Turkey is a transcontinental Eurasian country spanning Western Asia and Southeastern Europe, with a rich history and diverse cultural heritage encompassing influences from various empires and civilizations. This financial analysis focuses on a specific sovereign bond, identified by ISIN code TRD181023T17, issued by Turkey. As a prominent emerging market sovereign issuer, Turkey regularly accesses capital markets to manage its public finances and fund various national initiatives, with its debt instruments reflecting both domestic economic conditions and global investor sentiment towards Turkish assets. This particular bond, denominated in Turkish Lira (TRY), carried a substantial interest rate of 18.1% and had a reported payment frequency of one. The total issuance size for this bond was TRY 1,914,500,000, structured to allow for a minimum purchase size of TRY 100. Critically, the bond reached its maturity date on October 18, 2023, and has since been fully redeemed at its par value of 100%, indicating a successful repayment of principal to all bondholders upon the expiration of its term.