Bond Akbanque 0% ( TRFAKBKG1956 ) in TRY

Issuer	Akbanque
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFAKBKG1956 ( in TRY )
Interest rate	0%
Maturity	24/05/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	58 348 000 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. The bond identified by ISIN TRFAKBKG1956, issued by Akbank, has successfully reached its maturity date of May 24, 2019, and has been fully repaid, thereby concluding its lifecycle in the market. Akbank, a highly significant and established financial institution headquartered in Turkey, holds a prominent position as one of the largest private banks in the country, playing a pivotal role in its financial sector by offering a comprehensive suite of services spanning retail, commercial, corporate, and investment banking. This specific debt instrument, denominated in Turkish Lira (TRY) and boasting a total issue size of 58,348,000 TRY, was characterized by a 0% stated interest rate and a payment frequency of one, indicating its structure as likely a zero-coupon bond where investors received a single principal repayment at maturity. With a minimum purchase size set at 100 units, the bond was reported to have achieved a market price of 100% at the time of its final settlement, confirming that all principal was returned to bondholders as scheduled upon its May 2019 maturity, reflecting the issuer's timely fulfillment of its obligations.