Bond Guaranty Bank 0% ( TRFGRAN41913 ) in TRY

Issuer	Guaranty Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFGRAN41913 ( in TRY )
Interest rate	0%
Maturity	05/04/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	35 678 656 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. An informative review of a recently matured debt instrument reveals the full lifecycle and details of the bond identified by ISIN code TRFGRAN41913. This bond, issued by Garanti Bank, a prominent financial institution based in Turkey, has reached its maturity and has been successfully redeemed. Garanti Bank, officially Türkiye Garanti Bankas? A.?., is one of Turkey's largest private banks, established in 1946, known for its comprehensive range of financial services spanning corporate, commercial, retail, and SME banking, alongside a strong emphasis on digital innovation; a significant portion of the bank is owned by the Spanish financial group BBVA, reflecting its integration into global financial markets and adherence to international banking standards within the Turkish regulatory environment. The bond, denominated in Turkish Lira (TRY), carried a reported interest rate of 0%, indicating it was likely structured as a zero-coupon instrument or a bond where the yield was incorporated into its issuance price, with a single principal payment expected at maturity; its maturity date was set for April 5, 2019, on which it was repaid at 100% of its face value. The total issuance size for this particular bond was 35,678,656 TRY, with a minimum purchase amount of 100 TRY. The payment frequency was recorded as '1', reinforcing the single payment at redemption structure, which confirms the successful closure of the bond's financial cycle, fulfilling its obligations to bondholders.