Bond Yap? Kredi Banka 0% ( TRFYKBK72340 ) in TRY

Issuer	Yap? Kredi Banka
Market price	100 % ⇌
Country	Turkey
ISIN code	TRFYKBK72340 ( in TRY )
Interest rate	0%
Maturity	07/07/2023 - Bond has expired
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Minimal amount	1 TRY
Total amount	333 350 000 TRY
Detailed description	Yap? Kredi Bank is a major Turkish bank offering a wide range of financial services including retail banking, corporate banking, investment banking, and treasury services, operating both domestically and internationally. A specific fixed-income instrument, identified by its unique ISIN code TRFYKBK72340, has successfully completed its lifecycle, reaching maturity and undergoing full repayment on July 7, 2023. This bond, denominated in Turkish Lira (TRY), was issued by Yapi Kredi Bank, one of Turkey's leading private financial institutions. Yapi Kredi Bank, a prominent entity in the Turkish banking sector, plays a critical role in providing comprehensive financial services across retail, corporate, and investment banking segments within Turkey and internationally, with its operations deeply intertwined with the Turkish economy, reflecting its scale and influence as a key player in the nation's financial landscape. The debt instrument in question represented a total issuance size of 333,350,000 TRY, with a minimum purchase unit set at 1 and notably featured a stated interest rate of 0%, characteristic of certain debt instruments structured to deliver their yield through a discount at issuance rather than recurring coupon payments, although its final redemption at 100% of its nominal value on the maturity date confirmed its full principal repayment. This successful conclusion of the bond's term, originating from Turkey, reinforces the issuer's financial integrity and contributes positively to investor confidence in the Turkish debt capital markets, highlighting the orderly functioning of financial obligations within the region.