Bond Guaranty Bank 0% ( TRSGRAN81714 ) in TRY

Issuer	Guaranty Bank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRSGRAN81714 ( in TRY )
Interest rate	0%
Maturity	28/08/2017 - Bond has expired
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Minimal amount	1 000 TRY
Total amount	742 474 280 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. The bond identified by ISIN TRSGRAN81717, issued by Garanti Bank, a prominent private financial institution headquartered in Turkey, presented specific characteristics as a debt instrument from the Turkish market. Denominated in Turkish Lira (TRY), the total issuance size of this bond was 742,474,280 TRY, with a minimum purchase threshold set at 1,000 TRY. Notably, the bond carried a 0% interest rate and a payment frequency of 1, indicating it likely operated as a zero-coupon instrument with a single principal repayment at maturity. The bond reached its maturity date on August 28, 2017, at which point its market price stood at 100% of its face value, signifying its redemption at par. This financial instrument has since matured and been fully repaid to its bondholders.