Bond Vak?fBank 0% ( TRFVKFB31912 ) in TRY

Issuer	Vak?fBank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFVKFB31912 ( in TRY )
Interest rate	0%
Maturity	15/03/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	200 000 000 TRY
Detailed description	Vak?fBank is a major Turkish state-owned commercial bank, offering a wide range of financial services both domestically and internationally. An examination of the debt capital markets reveals details of a specific obligation, identified by its ISIN TRFVKFB31912, issued by Vakifbank. Vakifbank, formally known as Türkiye Vak?flar Bankas? T.A.O., is one of Turkey's largest and most established state-owned banks, playing a significant role in the Turkish financial sector since its inception in 1954, offering a comprehensive suite of banking services across retail, corporate, and investment segments. This particular bond, originating from Turkey and denominated in Turkish Lira (TRY), was notable for its zero-coupon structure, meaning it paid no periodic interest (0% interest rate), with investors anticipating returns from the difference between the purchase price and the redemption value at maturity. The total issuance size for this instrument was 200,000,000 TRY, with a minimum investment threshold set at 100 TRY. The bond's maturity date was March 15, 2019. As of its maturity, this obligation was fully redeemed at 100% of its principal value, confirming its successful repayment and full settlement to investors.