Bond Guaranty Bank 0% ( TRFGRAN12138 ) in TRY

Issuer	Guaranty Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFGRAN12138 ( in TRY )
Interest rate	0%
Maturity	04/01/2021 - Bond has expired
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Minimal amount	1 TRY
Total amount	1 022 916 582 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. The TRFGRAN12138 bond, a debt instrument issued by Garanti Bank, a leading private financial institution in Turkey and a significant player within the BBVA Group, successfully reached its maturity on January 4, 2021, and has been fully redeemed at its par value of 100%. This obligation, denominated in Turkish Lira (TRY) and representing a total issuance size of 1,022,916,582 units, was characterized by a 0% interest rate, indicating its likely structure as a zero-coupon bond where investor returns are derived from the difference between its discounted purchase price and its redemption value at maturity, with a minimum acquisition size of 1 unit and a payment frequency of 1, signifying the single final payment upon maturity.