Bond Akbanque 0% ( TRFAKBK220A9 ) in TRY

Issuer	Akbanque
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFAKBK220A9 ( in TRY )
Interest rate	0%
Maturity	25/02/2020 - Bond has expired
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Minimal amount	1 000 TRY
Total amount	50 000 000 TRY
Detailed description	Akbank is a major Turkish commercial bank offering a wide range of financial services including retail banking, corporate banking, investment banking, and private banking. This financial article details a recently concluded bond issuance by Akbank, a leading financial institution based in Turkey. The specific bond, identified by its ISIN TRFAKBK220A9 and issued in Turkey, was denominated in Turkish Lira (TRY). With a total issuance volume of 50,000,000 TRY, the instrument was made accessible with a minimum investment threshold of 1,000 TRY. Key characteristics of this debt security included a stated interest rate of 0% and a payment frequency of 1, features often indicative of a zero-coupon bond structure where the investor's return is embedded in the difference between the purchase price and the face value, or a bond designed for principal repayment without periodic interest disbursements. The bond successfully reached its maturity date on February 25, 2020. At its conclusion, the instrument's final market price was recorded at 100%, confirming that the principal obligation has been fully settled and repaid by Akbank to its bondholders, marking a successful completion of its lifecycle in the market.