Bond Akbanque 0% ( TRFAKBK819V4 ) in TRY

Issuer	Akbanque
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFAKBK819V4 ( in TRY )
Interest rate	0%
Maturity	09/08/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	25 551 000 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 financial review confirms that the Akbank bond, identified by ISIN TRFAKBK819V4, has officially reached its maturity date and been fully redeemed. Issued by Akbank, one of Turkey's leading private banks, this debt instrument originated from Turkey's vibrant financial market. Akbank, established in 1948, stands as a prominent financial institution in Turkey, offering a comprehensive range of banking services across corporate, commercial, SME, consumer, and private banking sectors, and is listed on Borsa Istanbul. This specific bond, denominated in Turkish Lira (TRY), featured a 0% interest rate, indicating it was likely a zero-coupon instrument or designed for redemption at par. Its total issue size amounted to 25,551,000 TRY, with a minimum purchase threshold set at 100 TRY. The bond's maturity date was August 9, 2019, at which point it was priced at 100% of its face value for redemption, facilitating a single principal payment to its holders. The successful repayment of this obligation underscores the completion of the debt cycle for bond TRFAKBK819V4.