Bond Garanti Bank 0% ( TRFGRANA1817 ) in TRY
| Issuer | Garanti Bank | ||||||
| Market price | 100.00 % ⇌ | ||||||
| Country | Turkey
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| ISIN code |
TRFGRANA1817 ( in TRY )
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| Interest rate | 0% | ||||||
| Maturity | 10/12/2018 - Bond has expired | ||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 100 TRY | ||||||
| Total amount | 80 269 000 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 in-depth analysis confirms the full redemption of the **TRFGRANA1817 bond**, a debt instrument issued by **Garanti Bank**, one of Turkey's leading financial institutions based in the country of issuance, which as a prominent private bank plays a significant role in the Turkish financial sector by offering a comprehensive range of banking services and actively participating in capital markets; this specific bond, identified by the ISIN code **TRFGRANA1817**, was denominated in Turkish Lira (**TRY**) and structured as a zero-coupon obligation, indicated by its **0% interest rate** meaning no periodic coupon payments were made, with investors realizing their return from its redemption at par, the total issue size amounting to **TRY 80,269,000** and a minimum purchase threshold of **TRY 100** making it broadly accessible; the bond reached its maturity on **December 10, 2018**, at which point it was fully repaid at **100% of its par value**, confirming the timely principal repayment to all bondholders, with its single payment frequency being consistent with its zero-coupon structure upon maturity. |
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