Bond Ziraat Bank 0% ( TRFTCZB21813 ) in TRY
| Issuer | Ziraat Bank | ||||||||
| Market price | 100.00 % ⇌ | ||||||||
| Country | Turkey
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| ISIN code |
TRFTCZB21813 ( in TRY )
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| Interest rate | 0% | ||||||||
| Maturity | 07/02/2018 - Bond has expired | ||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 100 TRY | ||||||||
| Total amount | 192 000 000 TRY | ||||||||
| Detailed description |
Ziraat Bank is Turkey's largest bank by assets, offering a wide range of financial services including commercial banking, investment banking, and insurance. An analysis of the bond identified by ISIN TRFTCZB21813, issued by Ziraat Bank, details a debt instrument that has reached its full maturity and was subsequently redeemed. The issuer, Ziraat Bank, stands as one of Turkey's largest and most established state-owned banks, holding a significant position within the nation's financial landscape by providing a comprehensive suite of banking services spanning corporate, commercial, retail, and investment sectors. This particular bond, issued in Turkey and denominated in Turkish Lira (TRY), had a total issuance size of 192,000,000 TRY, with a minimum purchase lot set at 100 units. A defining characteristic of this obligation was its zero-coupon structure, reflected by an interest rate of 0%, indicating that investors did not receive periodic interest distributions but instead anticipated a single principal repayment upon the bond's maturity. The bond reached its maturity date on February 7, 2018, and was redeemed at 100% of its face value, signifying its full repayment to bondholders. The reported payment frequency of '1' further affirms the single principal reimbursement at the time of maturity, aligning with its zero-coupon design. This bond has successfully completed its full lifecycle, having matured and been entirely repaid to its investors. |
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