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ItalianoBond Akbank 0% ( TRFAKBK620R4 ) in TRY
| Issuer | Akbank | ||||||||||
| Market price | 100.00 % ⇌ | ||||||||||
| Country |  Turkey
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| ISIN code |
 TRFAKBK620R4 ( in TRY )
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| Interest rate | 0% | ||||||||||
| Maturity | 26/06/2020 - Bond has expired | ||||||||||
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Prospectus brochure in PDF format |
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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 While the current market price of 100% is no longer applicable given its matured status, the bond's full repayment underscores the issuer's commitment and the expected conclusion of such fixed-income instruments upon their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. |
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