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ItalianoBond Ziraat Bank 0% ( TRFTCZB31812 ) in TRY
| Issuer | Ziraat Bank | ||||||||
| Market price | 100.00 % ⇌ | ||||||||
| Country |  Turkey
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| ISIN code |
 TRFTCZB31812 ( in TRY )
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| Interest rate | 0% | ||||||||
| Maturity | 09/03/2018 - Bond has expired | ||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 100 TRY | ||||||||
| Total amount | 125 000 000 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. This financial article details a Turkish Lira-denominated bond, ISIN TRFTCZB31812, which has successfully reached maturity and been fully repaid. The issuer, Ziraat Bank, is a prominent state-owned commercial bank in Turkey, established in 1863, playing a pivotal role in the country's financial sector by offering a wide array of banking services across retail, corporate, and investment segments. Originally issued in Turkey, this bond had a total issuance size of 125,000,000 Turkish Lira (TRY), with a minimum purchase size set at 100 TRY. Notably, the bond featured a 0% interest rate, indicating its likely structure as a zero-coupon instrument or a discount bond, designed for a single principal payment at maturity. Its stipulated maturity date was March 9, 2018, at which point it was successfully redeemed at its par value of 100%, confirming the full repayment to bondholders. The singular payment frequency specified aligns with its characteristic as a zero-coupon instrument, where investors typically receive the entire principal amount back at maturity, often incorporating an implied return from an initial discount at issuance. |
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