Bond Akbanque 0% ( TRFAKBK619M7 ) in TRY

Issuer	Akbanque
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFAKBK619M7 ( in TRY )
Interest rate	0%
Maturity	12/06/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	106 717 000 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 report details the characteristics and lifecycle of a specific debt instrument issued by Akbank, a prominent financial institution in Turkey. Akbank, established in 1948, stands as one of Turkey's largest and most reputable private banks, offering a comprehensive range of financial services including corporate, commercial, SME, and retail banking, supported by an extensive branch network and digital platforms across the country. The bond under review, identified by the ISIN code TRFAKBK619M7, was a Turkish Lira (TRY) denominated obligation issued in Turkey. It represented a total issuance size of 106,717,000 TRY, with a minimum purchase size set at 100 TRY, making it accessible to a broader range of investors. A distinctive feature of this particular bond was its stated interest rate of 0%, indicating it was structured as a zero-coupon bond or a similar instrument where no periodic interest payments were made, with investors' returns typically derived from the principal return at maturity. The bond reached its scheduled maturity date on June 12, 2019. As confirmed, this obligation has successfully matured and has been fully redeemed, returning the principal amount to its bondholders as per its terms, thus concluding its lifecycle as a debt security within the financial markets.