Bond Türkiye ?? Bankas? 0% ( TRFTISB12046 ) in TRY

Issuer	Türkiye ?? Bankas?
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFTISB12046 ( in TRY )
Interest rate	0%
Maturity	06/01/2020 - Bond has expired
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Minimal amount	1 TRY
Total amount	1 131 337 881 TRY
Detailed description	Türkiye ?? Bankas? is a major Turkish multinational banking and financial services corporation, the oldest and largest privately owned bank in Turkey. A specific bond issuance, identified by ISIN TRFTISB12046, originated from Turkiye Is Bankasi, one of Turkey's leading financial institutions. As a prominent player in the Turkish banking sector, Turkiye Is Bankasi holds significant sway, contributing substantially to the nation's economic landscape through its extensive range of financial services. This particular debt instrument, denominated in Turkish Lira (TRY), represented a total issuance size of 1,131,337,881 units, with a minimum purchase quantity set at just 1 unit, aiming for broad accessibility. A defining characteristic of this bond was its zero-coupon nature, indicating a 0% interest rate, which meant investors would not receive periodic interest payments but rather derived their return from the difference between the bond's purchase price and its face value upon redemption. The bond reached its maturity on January 6, 2020, and was subsequently repaid at 100% of its nominal value, signifying a successful and complete redemption process for investors. While the listed payment frequency was '1', in the context of a zero-coupon bond, this primarily refers to the single, lump-sum principal repayment occurring at the bond's maturity date, consolidating the entire return at the end of the investment period.