Bond Vak?fBank 0% ( TRFVKFBA1913 ) in TRY

Issuer	Vak?fBank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFVKFBA1913 ( in TRY )
Interest rate	0%
Maturity	13/12/2019 - Bond has expired
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Minimal amount	100 TRY
Total amount	77 710 029 TRY
Detailed description	Vak?fBank is a major Turkish state-owned commercial bank, offering a wide range of financial services both domestically and internationally. The financial landscape recently marked the full maturity and successful repayment of a specific bond issuance, identified by the ISIN code TRFVKFBA1913, originated by Vakifbank. Türkiye Vak?flar Bankas? T.A.O., commonly known as Vakifbank, stands as one of Turkey's largest state-owned banks, established in 1954 and holding a crucial role within the nation's financial sector by providing a comprehensive suite of banking services spanning corporate, commercial, retail, and investment banking, deeply integrated into the country's economic fabric. This particular debt instrument, denominated in Turkish Lira (TRY) and issued in Turkey, represented an aggregate issue size of 77,710,029 TRY, with a minimum purchase threshold set at 100 TRY. A notable feature of this bond was its stated interest rate of 0%, indicating a structure where investor returns, if any, would have been realized from a potential discount at issuance rather than recurring coupon payments, culminating in a single principal repayment event. The bond successfully reached its scheduled maturity date on December 13, 2019, at which point it was fully redeemed at 100% of its nominal value, signifying the complete fulfillment of its obligations and its orderly conclusion within the fixed-income market.