Bond Akbanque 0% ( TRFAKBKA19C6 ) in TRY

Issuer	Akbanque
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFAKBKA19C6 ( in TRY )
Interest rate	0%
Maturity	10/12/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	107 023 000 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. Akbank Bond TRFAKBKA19C6 Reaches Full Maturity and Repayment This financial instrument, identified as a bond with the ISIN code TRFAKBKA19C6, was issued by Akbank, one of Turkey's leading financial institutions, headquartered in Istanbul. Established as a commercial bank, Akbank operates across various segments of the banking sector, including corporate, commercial, SME, and retail banking, playing a significant role in the Turkish economy. The bond, denominated in Turkish Lira (TRY), represented a total issuance size of TRY 107,023,000, with a minimum purchase unit set at TRY 100 for investors. A notable feature of this bond was its 0% interest rate and a stated payment frequency of 1. The bond reached its definitive maturity on December 10, 2019, at which point it was fully redeemed. Its market price at the time of redemption was reported at 100%, indicating that the principal amount was repaid in full to bondholders. This successful redemption marks the completion of Akbank's obligation related to this specific debt security.