Bond Vak?fBank 0% ( TRFVKFBE2016 ) in TRY

Issuer	Vak?fBank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFVKFBE2016 ( in TRY )
Interest rate	0%
Maturity	23/10/2020 - Bond has expired
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Minimal amount	1 TRY
Total amount	65 669 943 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 TRFVKFBE2016 bond, issued by Vakifbank, confirms its recent full maturity and redemption. Vakifbank, officially Türkiye Vak?flar Bankas? T.A.O., is a prominent state-owned commercial bank in Turkey, established in 1954, and serves as a significant entity within the country's financial sector. This specific debt instrument, originating from Turkey, was denominated in Turkish Lira (TRY). It was issued with a total size of 65,669,943 TRY, allowing for a minimum purchase of 1 unit. Notably, the bond featured a 0% interest rate, suggesting it was a zero-coupon bond designed to be redeemed at its face value upon maturity. Its final maturity date was October 23, 2020. As of its maturity, the bond's market price was reported at 100%, indicating its successful full reimbursement to investors on its specified redemption date.