Bond Vak?fBank 0% ( TRSVKFB52028 ) in TRY

Issuer	Vak?fBank
Market price	100 % ⇌
Country	Turkey
ISIN code	TRSVKFB52028 ( in TRY )
Interest rate	0%
Maturity	22/05/2020 - Bond has expired
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Minimal amount	100 TRY
Total amount	2 113 062 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 analysis of the financial instrument identified by ISIN code TRSVKFB52028 reveals a specific bond issued by Vakifbank, one of Turkey's prominent state-owned banks, which holds a significant position within the Turkish financial sector. This bond, denominated in Turkish Lira (TRY) and originating from Turkey, was characterized by a zero-interest rate, a notable feature that implies its potential structure as a discount bond or a similar instrument where returns were realized differently than through periodic coupon payments. The total issuance volume for this instrument reached 2,113,062 TRY, with a minimum investment unit set at 100 TRY, indicating its structure for a broad investor base. With a stated payment frequency of '1,' the primary financial event for investors was the repayment of principal. This instrument reached its scheduled maturity on May 22, 2020, and it has been confirmed that the bond was fully repaid at this date, indicating its successful conclusion within the market. The reported current market price of 100% further underscores its full redemption upon maturity, ensuring the return of capital to its holders as per the original terms.