Bond Akbanque 0% ( TRFAKBK61947 ) in TRY

Issuer Akbanque
Market price 100 %  ⇌ 
Country  Turkey
ISIN code  TRFAKBK61947 ( in TRY )
Interest rate 0%
Maturity 27/06/2019 - Bond has expired



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Minimal amount 100 TRY
Total amount 38 958 000 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 report details a specific debt instrument, identified by its International Securities Identification Number (ISIN) TRFAKBK61947, which was issued by Akbank, a prominent financial institution based in Turkey. Akbank, recognized as one of Turkey's largest and most established banks, plays a significant role in the nation's banking sector, offering a comprehensive array of financial services ranging from retail and corporate banking to investment and private banking, thereby underpinning its strategic position within the Turkish economy. The bond, originating from Turkey, was denominated in Turkish Lira (TRY), underscoring its alignment with the domestic financial market. At the time of its final processing, its market price was recorded at 100% of its face value, reflecting its full principal repayment. A key characteristic of this instrument was its stated interest rate of 0%, indicating it was structured as a zero-coupon bond or a non-interest-bearing instrument, where investor returns typically accrue from the difference between the initial discounted issue price and its par redemption value rather than through periodic coupon payments. The total size of this particular bond issue amounted to 38,958,000 TRY, representing the aggregate nominal value of the bonds distributed. For investors, the minimum acquisition size was set at 100 units, defining the smallest permissible investment increment. The definitive maturity date for this bond was June 27, 2019, which marked the precise point when the principal capital was due to be returned to the bondholders. Furthermore, the payment frequency, noted as '1', aligns with the zero-coupon structure, signifying that the primary financial event for this instrument was the single principal repayment at its designated maturity. As confirmed, this obligation has successfully reached its maturity and has since been fully repaid to its respective investors, thereby concluding its term in the financial markets.