Bond Akbanque 0% ( TRFAKBK719P8 ) in TRY

Issuer	Akbanque
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFAKBK719P8 ( in TRY )
Interest rate	0%
Maturity	10/07/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	55 679 000 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. The Akbank bond, identified by ISIN TRFAKBK719P8, has successfully reached its maturity and been fully redeemed. Issued by Akbank, a prominent Turkish financial institution headquartered in Turkey, this obligation was denominated in Turkish Lira (TRY) and carried a 0% interest rate, indicating its nature as a zero-coupon instrument. The total issuance size amounted to 55,679,000 TRY, with a minimum purchase threshold of 100 TRY. With a maturity date of July 10, 2019, and a payment frequency of 1, implying a single principal repayment, the bond was settled at its market price of 100% upon its redemption, confirming its full repayment.