Bond Vak?fBank 0% ( TRQVKFBA1647 ) in TRY

Issuer	Vak?fBank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRQVKFBA1647 ( in TRY )
Interest rate	0%
Maturity	12/09/2016 - Bond has expired
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Minimal amount	1 000 TRY
Total amount	382 000 000 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 in-depth review of the TRQVKFBA1647 bond reveals its complete financial journey: this Turkish Lira (TRY) denominated bond, issued by Vakifbank, a prominent state-owned commercial bank established in 1954 and recognized as one of Turkey's largest financial institutions offering comprehensive banking and financial services across various segments, successfully reached its maturity date on September 12, 2016, at which point it was fully reimbursed to its holders; initially launched with a total issue size of 382,000,000 TRY and a minimum purchase size of 1,000 TRY, the instrument notably featured a 0% interest rate and was quoted at 100% on the market prior to its repayment, confirming the successful conclusion of this specific offering within the Turkish capital markets.