Bond Vak?fBank 0% ( TRFVKFB32050 ) in TRY

Issuer Vak?fBank
Market price 100 %  ⇌ 
Country  Turkey
ISIN code  TRFVKFB32050 ( in TRY )
Interest rate 0%
Maturity 10/03/2020 - Bond has expired



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Minimal amount 100 TRY
Total amount 1 085 000 000 TRY
Detailed description Vak?fBank is a major Turkish state-owned commercial bank, offering a wide range of financial services both domestically and internationally.

A Financial Review of Vakifbank's Matured Bond (ISIN TRFVKFB32050) This report details a specific bond issuance, identified by ISIN TRFVKFB32050, from the prominent Turkish banking institution, Vakifbank. The bond, issued in Turkey, has successfully completed its full lifecycle, reaching maturity and undergoing redemption. Vakifbank, officially Türkiye Vak?flar Bankas? T.A.O., is one of Turkey's largest and most significant state-owned banks, established in 1954. With a comprehensive array of banking services catering to retail, corporate, and institutional clients, Vakifbank maintains a substantial presence within the Turkish financial landscape. The institution plays a pivotal role in providing funding across various sectors of the Turkish economy and is recognized for its robust domestic operations, spanning both commercial and investment banking activities. Its stature as a major state-backed entity underscores its financial stability and systemic importance within the country. The bond in question was denominated in Turkish Lira (TRY), representing a substantial total issue size of 1,085,000,000 TRY. At its maturity, the bond was valued at 100% of its face value on the market, indicating a par redemption. A notable characteristic of this instrument was its 0% interest rate, suggesting it functioned as a zero-coupon bond, where the return to investors was embedded in the difference between its purchase price and the par value at maturity, rather than through periodic interest payments. The minimum acquisition size for investors was set at 100 TRY, with a single payment at maturity. The bond reached its scheduled maturity date on March 10, 2020. Critically, as of this date, the bond was fully redeemed. This means that all principal obligations to bondholders were successfully met and settled, signifying the orderly conclusion of the issuer's financial commitment. This successful and timely redemption reinforces Vakifbank's adherence to its contractual obligations and its prudent financial management practices. The completion of this fixed-income security's term, culminating in its full repayment, represents a standard yet vital event in the bond market, highlighting the dependable nature of debt instruments when managed by established financial entities.