Bond Vak?fBank 0% ( TRQVKFB61429 ) in TRY

Issuer	Vak?fBank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRQVKFB61429 ( in TRY )
Interest rate	0%
Maturity	20/06/2014 - Bond has expired
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Minimal amount	100 TRY
Total amount	450 000 000 TRY
Detailed description	Vak?fBank is a major Turkish state-owned commercial bank, offering a wide range of financial services both domestically and internationally. An analysis of the debt instrument identified by ISIN TRQVKFB61429 reveals it to be a bond issued by Vakifbank, one of Turkey's leading state-owned financial institutions, renowned for its comprehensive range of banking services spanning retail, corporate, and investment sectors, thereby playing a pivotal role in the Turkish economy. This specific bond, denominated in Turkish Lira (TRY) and originating from Turkey, was characterized by a stated interest rate of 0% and a payment frequency of 1, suggesting it was structured as a zero-coupon instrument or designed for a single principal repayment at its maturity, without periodic interest disbursements. The total issue size for this bond amounted to 450,000,000 TRY, with a minimum purchase unit of 100. Critically, the instrument reached its scheduled maturity date on June 20, 2014, and has since been fully repaid, with its market price at the point of redemption recorded at 100%, indicating a complete and successful return of the principal investment to its bondholders.