Bond Akbanque 0% ( TRFAKBK919O7 ) in TRY

Issuer	Akbanque
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFAKBK919O7 ( in TRY )
Interest rate	0%
Maturity	17/09/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	94 038 000 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 bond (ISIN: TRFAKBK919O7) issued by Akbank, a prominent Turkish financial institution headquartered in Turkey and recognized as one of the country's largest private banks with a significant presence across corporate, commercial, SME, and retail banking sectors, concluded its lifecycle on September 17, 2019, having reached its full maturity and subsequently been fully redeemed at its market price of 100% to all holders. This specific debt instrument, denominated in Turkish Lira (TRY), notably featured a 0% interest rate with a payment frequency of 1, and was part of a substantial issuance totaling 94,038,000 TRY, with a minimum acquisition threshold set at 100 TRY per unit, demonstrating Akbank's ongoing engagement in debt capital markets for funding and liquidity management purposes.