Bond Guaranty Bank 0% ( TRFGRANA1957 ) in TRY

Issuer	Guaranty Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFGRANA1957 ( in TRY )
Interest rate	0%
Maturity	26/12/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	274 346 393 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 Turkish Lira (TRY) denominated bond, identified by the ISIN code TRFGRANA1957, successfully reached its scheduled maturity on December 26, 2019, and has since been fully repaid at its 100% par value, confirming the issuer's fulfillment of its debt obligations. This financial instrument was issued by Garanti Bank, a prominent Turkish financial institution and one of the nation's largest private banks, recognized for its comprehensive banking services and its majority ownership by the Spanish multinational financial services company Banco Bilbao Vizcaya Argentaria (BBVA). Originating from Turkey, the bond featured a reported interest rate of 0% and concluded its lifecycle with its single payment frequency at maturity, having been issued with a total size of 274,346,393 TRY and a minimum purchase threshold of 100 TRY. Its definitive redemption on the maturity date signifies its removal from the outstanding debt instruments within the market.