Bond Guaranty Bank 0% ( TRFGRAN11916 ) in TRY

Issuer	Guaranty Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFGRAN11916 ( in TRY )
Interest rate	0%
Maturity	14/01/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	358 998 916 TRY
Detailed description	Garanti Bank is a major Turkish bank offering a wide range of financial services, including retail, corporate, and investment banking, with a significant international presence. Market data confirms the successful maturity and redemption of the bond identified by ISIN TRFGRAN11916, issued by Garanti Bank. As a prominent and well-established financial institution within Turkey, Garanti Bank issued this Turkish Lira (TRY) denominated bond from Turkey with a total volume of 358,998,916 TRY and a minimum purchase requirement of 100 TRY. A notable feature of this instrument was its zero-coupon structure, indicated by a 0% interest rate and a single payment frequency, meaning investors received their full principal repayment at maturity rather than periodic interest distributions. The bond officially matured and was redeemed at 100% of its face value on January 14, 2019, concluding its lifecycle within the financial market.