Bond Akbanque 0% ( TRFAKBK719F9 ) in TRY

Issuer	Akbanque
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFAKBK719F9 ( in TRY )
Interest rate	0%
Maturity	16/07/2019 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	100 TRY
Total amount	147 215 000 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 article provides a detailed overview of the Akbank bond, identified by ISIN TRFAKBK719F9, which has successfully reached its maturity date of July 16, 2019, and has been fully repaid. The issuer, Akbank, is a leading financial institution based in Turkey, known for its comprehensive banking services and significant presence in both domestic and international markets. Established in 1948, Akbank has grown to become one of Turkey's largest private banks, offering a wide array of corporate, commercial, SME, and retail banking products, serving millions of customers. This specific debt instrument, issued in Turkey and denominated in Turkish Lira (TRY), represented a total issuance size of 147,215,000 TRY. The minimum purchase size for this bond was set at 100 units. A distinctive feature was its stated interest rate of 0%, implying it functioned as a zero-coupon bond or a similar instrument where the return to investors was embedded in the difference between the purchase price and the par value received at maturity, consistent with its single payment frequency. The bond's market price was observed at 100% leading up to its redemption. Its successful maturity and repayment underscore Akbank's commitment to fulfilling its financial obligations, reinforcing investor confidence in its debt instruments.