Bond Guaranty Bank 0% ( TRFGRANA2120 ) in TRY

Issuer	Guaranty Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFGRANA2120 ( in TRY )
Interest rate	0%
Maturity	07/12/2021 - Bond has expired
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Minimal amount	1 TRY
Total amount	238 627 000 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. The bond identified by ISIN code TRFGRANA2120, issued by Garanti Bank and denominated in Turkish Lira (TRY), reached its maturity date on December 7, 2021, and has since been fully repaid. This obligation, characterized as a zero-coupon instrument due to its 0% interest rate, provided investors with a single payment of their principal at par (100%) upon its final maturity. With a total issuance size amounting to 238,627,000 TRY and a minimum purchase increment of 1 unit, the bond successfully concluded its lifecycle. Garanti Bank, the issuer, is a leading financial institution within Turkey, recognized as one of the largest private banks in the country. Majority-owned by the Spanish multinational financial services company Banco Bilbao Vizcaya Argentaria (BBVA), Garanti Bank plays a pivotal role in the Turkish banking sector, demonstrating its robust financial standing through the timely fulfillment of its obligations on this Turkish-issued bond.