Bond Akbanque 0% ( TRFAKBK919V2 ) in TRY

Issuer	Akbanque
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFAKBK919V2 ( in TRY )
Interest rate	0%
Maturity	30/09/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	43 926 000 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. An analysis of the Akbank bond, identified by ISIN TRFAKBK919V2, details its structure and eventual settlement within the Turkish financial market. The issuer, Akbank, stands as one of Turkey's foremost financial institutions, a publicly traded entity established in 1948, widely recognized for its comprehensive banking services spanning corporate, commercial, SME, and retail sectors, underpinned by a robust balance sheet and significant market presence within the Turkish economy. This specific debt instrument, denominated in Turkish Lira (TRY) and issued from Turkey, carried a total issuance size of 43,926,000 TRY, with a minimum investment threshold of 100 TRY. A key characteristic was its stated 0% interest rate, indicating it was structured as a zero-coupon bond, where investor returns would be realized through the difference between the purchase price (likely at a discount) and the par value upon redemption. The bond reached its scheduled maturity on September 30, 2019. As confirmed by its status, this obligation has successfully matured and has been fully repaid to bondholders at its par value, reflected in its 100% redemption price, completing its lifecycle as a settled financial instrument. The stated payment frequency of '1' for a zero-coupon bond reinforces the single lump-sum payout at maturity.