Bond Guaranty Bank 0% ( TRFGRANK1724 ) in TRY

Issuer Guaranty Bank
Market price 100 %  ⇌ 
Country  Turkey
ISIN code  TRFGRANK1724 ( in TRY )
Interest rate 0%
Maturity 13/11/2017 - Bond has expired



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Minimal amount 100 TRY
Total amount 66 906 193 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.

This financial instrument, identified by ISIN TRFGRANK1724, was a bond issued by Garanti Bank, originating from Turkey. The bond, denominated in Turkish Lira (TRY), was characterized by a zero interest rate and concluded its lifecycle by maturing on November 13, 2017; at the time of its final settlement, it traded at 100% of its face value, reflecting its full repayment to bondholders. The total issuance size for this bond was 66,906,193 Turkish Lira, with a minimum purchase unit set at 100 TRY, and while the payment frequency was specified as 1 (likely annual or a single payment at maturity for a zero-coupon structure given the stated interest rate), the primary characteristic was its zero interest payout throughout its term. The issuer, Garanti Bank, is one of Turkey's largest and most prominent private banks, established in 1946 and having grown to become a leading financial institution within the Turkish banking sector, offering a comprehensive suite of banking products and services including retail banking, corporate and commercial banking, investment banking, and payment systems, with its significant market presence and robust operations underscoring its pivotal role in the Turkish economy; moreover, Garanti Bank is currently majority-owned by the Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA), further solidifying its international connections and financial stability. Crucially, this bond has successfully reached its maturity date of November 13, 2017, and has since been fully redeemed, with the principal amount repaid to all bondholders, thus concluding its term in the market and signifying a complete and settled transaction for this particular debt instrument.