Bond Akbanque 0% ( TRFAKBK620R4 ) in TRY

Issuer	Akbanque
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFAKBK620R4 ( in TRY )
Interest rate	0%
Maturity	26/06/2020 - Bond has expired
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Minimal amount	100 TRY
Total amount	155 537 000 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 Akbank-issued bond, identified by ISIN TRFAKBK620R4, has successfully reached its maturity date of June 26, 2020, and has been fully repaid. Akbank, a prominent commercial bank based in Turkey, stands as one of the country's largest and most reputable financial institutions, established in 1948, offering a comprehensive range of banking services including corporate, commercial, SME, retail, and private banking, playing a significant role in the Turkish financial landscape. This specific debt instrument, issued in Turkish Lira (TRY) from Turkey, featured a 0% interest rate and a payment frequency of 1, indicating a structure that likely involved a single payment at maturity rather than recurring coupon disbursements. The total issue size for this bond was TRY 155,537,000, with a minimum purchase requirement set at TRY 100. While the current market price of 100% is no longer applicable given its matured status, the bond's full repayment underscores the issuer's commitment and the expected conclusion of such fixed-income instruments upon their designated maturity.