Bond Akbanque 0% ( TRFAKBKG1964 ) in TRY

Issuer Akbanque
Market price 100 %  ⇌ 
Country  Turkey
ISIN code  TRFAKBKG1964 ( in TRY )
Interest rate 0%
Maturity 31/05/2019 - Bond has expired



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Minimal amount 100 TRY
Total amount 75 098 000 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's TRFAKBKG1964 Bond Successfully Concludes Lifecycle with Full Repayment This report details the characteristics and ultimate conclusion of a specific debt instrument, the bond identified by ISIN code TRFAKBKG1964, issued by Akbank, a prominent financial institution based in Turkey. Akbank, established in 1948, stands as one of Turkey's largest and most reputable private banks. With a strong presence in the Turkish financial sector, it offers a comprehensive suite of banking products and services, ranging from corporate and investment banking to retail and commercial banking. As a significant contributor to the Turkish economy, Akbank's financial instruments are closely watched by market participants, reflecting the institution's robust role in the country's financial stability and development. The TRFAKBKG1964 bond, a Turkish Lira (TRY) denominated security, represented a debt obligation originating from Turkey. The total size of this particular issuance amounted to 75,098,000 TRY. Designed for investor accessibility, the minimum acquisition size was set at 100 TRY. Notably, the bond specified a 0% interest rate, a characteristic often associated with zero-coupon bonds, where the return to investors is typically derived from the difference between a discounted purchase price and the full face value repaid at maturity. While a frequency of payment of '1' was noted, indicating a single or annual payment structure, its ultimate redemption at maturity was the key event for investors. The bond reached its scheduled maturity date on May 31, 2019. At this juncture, its market price was recorded at 100%, signaling that the principal amount was fully repaid to investors. The confirmation that "This bond has matured and been repaid" underscores the successful fulfillment of Akbank's financial commitment regarding this specific debt instrument. This event marks the complete conclusion of the bond's lifecycle, with investors having received their principal back as per the bond's terms, demonstrating the issuer's timely and complete adherence to its financial obligations.