Bond Akbanque 0% ( TRFAKBK319C5 ) in TRY

Issuer	Akbanque
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFAKBK319C5 ( in TRY )
Interest rate	0%
Maturity	26/03/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	71 257 000 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. An analysis of the TRFAKBK319C5 bond reveals it was a Turkish Lira (TRY) denominated debt instrument issued by Akbank, a prominent financial institution in Turkey. Established as one of the country's largest and most reputable banks, Akbank plays a significant role in the Turkish banking sector, offering a comprehensive range of corporate, commercial, SME, and retail banking services. This particular bond, identified by its ISIN TRFAKBK319C5, had a total issuance size of TRY 71,257,000, with a minimum purchase size set at TRY 100, making it accessible to a range of investors. A key characteristic of this bond was its 0% interest rate, indicating it was likely a zero-coupon bond or a deep discount bond where the yield for investors was generated from the difference between the discounted issue price and the full principal amount received at maturity, rather than through periodic coupon payments. The bond reached its maturity on March 26, 2019, and, as confirmed by its reported current market price of 100% and explicit statement, it has been successfully repaid to its bondholders, demonstrating Akbank's fulfillment of its debt obligations.