Bond Akbanque 0% ( TRFAKBK919W0 ) in TRY

Issuer	Akbanque
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFAKBK919W0 ( in TRY )
Interest rate	0%
Maturity	27/09/2019 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	100 TRY
Total amount	108 640 000 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 debt instrument identified by ISIN TRFAKBK919W0, issued by Akbank, reveals its completed lifecycle as a significant financial obligation within the Turkish market. Akbank, a prominent financial institution headquartered in Turkey, holding a substantial position within the nation's banking sector and offering a comprehensive range of financial services, acted as the issuer for this particular bond. This debt instrument, originating from Turkey and denominated in Turkish Lira (TRY), represented a total issuance size of 108,640,000 TRY, with a minimum acquisition threshold set at 100 TRY. A notable feature of this bond was its declared 0% interest rate and a payment frequency of 1, characteristics that typically indicate a zero-coupon bond structure or a similar note designed for a single, bullet principal repayment at its maturity. The bond reached its scheduled maturity date on September 27, 2019, and was successfully repaid at 100% of its nominal value, confirming its full redemption and the completion of its financial commitment, with all investor principal being returned as per its terms.