Bond Vak?fBank 0% ( TRQVKFBA1423 ) in TRY

Issuer	Vak?fBank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRQVKFBA1423 ( in TRY )
Interest rate	0%
Maturity	12/12/2014 - Bond has expired
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Minimal amount	100 TRY
Total amount	148 273 460 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 review of the debt instrument identified by ISIN TRQVKFBA1423 reveals its issuance by Vakifbank, a leading state-owned commercial bank in Turkey established in 1954, which plays a pivotal role in the Turkish financial sector by providing comprehensive banking services across corporate, commercial, and retail segments. This specific bond, originating from Turkey and denominated in Turkish Lira (TRY), represented a total issuance size of 148,273,460 TRY, with a minimum purchase threshold of 100 TRY, and, notably, featured a 0% interest rate, indicating it was likely a zero-coupon or discount bond whose last reported market price was 100% of its par value. With a payment frequency of 1, signifying a single principal repayment, the bond reached its maturity date on December 12, 2014, and it is confirmed that this obligation has successfully matured and has been fully repaid to its holders.