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ItalianoBond Ziraat Bank 0% ( TRFTCZBK1846 ) in TRY
| Issuer | Ziraat Bank | ||||||||
| Market price | 100.00 % ⇌ | ||||||||
| Country |  Turkey
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| ISIN code |
 TRFTCZBK1846 ( in TRY )
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| Interest rate | 0% | ||||||||
| Maturity | 23/11/2018 - Bond has expired | ||||||||
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Prospectus brochure in PDF format |
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| Minimal amount | 100 TRY | ||||||||
| Total amount | 350 000 000 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. The bond identified by ISIN TRFTCZBK18446, issued by Ziraat Bank, a prominent state-owned financial institution headquartered in Turkey, successfully reached its maturity and was fully repaid to investors. This obligation, denominated in Turkish Lira (TRY), represented a total issue size of TRY 350,000,000, with a minimum acquisition threshold set at TRY 100. As a debt instrument with a stated interest rate of 0%, likely implying a zero-coupon structure or redemption at par upon maturity, it completed its lifecycle on November 23, 2018, the predetermined maturity date, with its principal value redeemed at 100% after a single payment frequency. Ziraat Bank, as the issuer, stands as one of Turkey's oldest and largest public banks, playing a crucial role in the nation's financial landscape by providing extensive banking services across retail, corporate, and agricultural sectors, underpinned by its status as a government-owned entity which often implies a strong financial backing, thus reinforcing the confidence in its financial instruments and their successful repayment. |
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