Bond Akbanque 0% ( TRFAKBK819I1 ) in TRY

Issuer	Akbanque
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFAKBK819I1 ( in TRY )
Interest rate	0%
Maturity	20/08/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	28 401 000 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. A detailed review of outstanding debt instruments confirms the full maturation and repayment of the bond identified by ISIN TRFAKBK819I1, a debt security issued by Akbank, one of Turkey's leading and most established financial institutions known for its significant contributions to the national banking sector; this particular fixed-income instrument, originating from Turkey and denominated in Turkish Lira (TRY), was structured as a zero-coupon bond, meaning it carried a stated interest rate of 0% throughout its tenure, with its total issuance size amounting to TRY 28,401,000 and a minimum acquisition threshold set at TRY 100; having reached its scheduled maturity date of August 20, 2019, with a single payment frequency, the bond was successfully retired and fully reimbursed to its holders, as evidenced by its market price reaching 100% at the point of redemption, underscoring the orderly conclusion of its financial lifecycle.