Bond Vak?fBank 0% ( TRFVKFB81933 ) in TRY

Issuer	Vak?fBank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFVKFB81933 ( in TRY )
Interest rate	0%
Maturity	23/08/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	158 793 131 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 in-depth look at a specific debt instrument reveals the lifecycle of a bond issued by Vakifbank, a prominent financial institution based in Turkey. Vakifbank, officially Türkiye Vak?flar Bankas? T.A.O., stands as one of Turkey's largest banks, established in 1954. It operates across various segments, including corporate banking, commercial banking, retail banking, and investment banking, playing a significant role in the Turkish financial landscape and economy. The bond, identified by its ISIN code TRFVKFB81933, was denominated in Turkish Lira (TRY) and originated from Turkey. It represented a total issuance size of 158,793,131 TRY, with investors able to acquire this security with a minimum purchase size of 100 TRY units. Notably, the bond carried an interest rate of 0% and specified a payment frequency of 1, indicating that any return for investors would have been realized through a discount at issuance rather than periodic coupon payments. This financial instrument reached its scheduled maturity date on August 23, 2019. Upon maturity, the bond was redeemed at 100% of its face value, confirming its successful repayment to bondholders, as indicated by its current market price at redemption.