Bond Guaranty Bank 0% ( TRSGRAN21413 ) in TRY

Issuer	Guaranty Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRSGRAN21413 ( in TRY )
Interest rate	0%
Maturity	14/02/2014 - Bond has expired
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Minimal amount	1 000 TRY
Total amount	154 074 674 TRY
Detailed description	Garanti Bank is a major Turkish bank offering a wide range of financial services, including retail, corporate, and investment banking, with a significant international presence. This analysis pertains to the bond identified by ISIN code TRSGRAN21413, a debt instrument issued by Garanti Bank. Garanti Bank, formally known as Türkiye Garanti Bankas? A.?., stands as one of Turkey's leading and most significant private financial institutions, offering a broad spectrum of banking services to various client segments, including corporate, commercial, SME, and retail. Headquartered in Istanbul, the bank has established a robust presence within the Turkish financial landscape, contributing substantially to its capital markets. This specific bond, denominated in Turkish Lira (TRY), represented a total issue size of 154,074,674 TRY. Notably, it bore a 0% interest rate, indicating either a zero-coupon structure where the return was derived from its discount issuance price and par redemption, or that no further coupon payments were scheduled as of its maturity. The minimum purchase size for this instrument was set at 1,000 TRY. The bond successfully reached its maturity date on February 14, 2014, and as confirmed, it has since been fully redeemed at its par value, indicating the complete fulfillment of all outstanding obligations by the issuer.