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ItalianoBond Guaranty Bank 0% ( TRSGRANK1711 ) in TRY
| Issuer | Guaranty Bank |
| Market price | 100 % ⇌ |
| Country |  Turkey
|
| ISIN code |
 TRSGRANK1711 ( in TRY )
|
| Interest rate | 0% |
| Maturity | 28/11/2017 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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| Minimal amount | 1 000 TRY |
| Total amount | 277 731 490 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 the ISIN code TRSGRANK1711, issued by Garanti Bank, one of Turkey's largest and most reputable private banks headquartered in Istanbul and now a fully-owned subsidiary of Spain's BBVA Group, successfully reached its maturity and was redeemed on November 28, 2017. This specific debt instrument, denominated in Turkish Lira (TRY) and representing a total issuance size of 277,731,490, with a minimum investment denomination set at 1,000, was characterized by its 0% interest rate. As a zero-coupon bond, investors would have acquired it at a discount to its face value, with their return realized upon its redemption at 100% of its principal amount, confirming the successful repayment of the obligation upon its sole contractual payment at maturity. |