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ItalianoBond Turkey 1.5% ( TRT090721T17 ) in TRY
| Issuer | Turkey | ||||||
| Market price | 100.00 % ⇌ | ||||||
| Country |  Turkey
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| ISIN code |
 TRT090721T17 ( in TRY )
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| Interest rate | 1.5% per year ( payment 1 time a year) | ||||||
| Maturity | 09/07/2021 - Bond has expired | ||||||
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Prospectus brochure in PDF format |
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| Detailed description |
Turkey is a transcontinental Eurasian country spanning Western Asia and Southeastern Europe, with a rich history and diverse cultural heritage encompassing influences from various empires and civilizations. A detailed examination of the Turkish sovereign bond identified by ISIN code TRT090721T17 provides insight into its lifecycle and final resolution. This bond, a debt instrument issued by the Republic of Turkey, was denominated in Turkish Lira (TRY) and featured an annual interest rate of 1.5%. Its payment frequency was set at one, indicating annual interest disbursements to bondholders. The Republic of Turkey, serving as the issuer of this security, is a prominent sovereign entity in the global financial landscape, regularly accessing international and domestic capital markets to fund its national budget, infrastructure projects, and various governmental expenditures; as a sovereign issuer, Turkey's bonds are critical instruments for investors seeking exposure to government-backed debt, reflecting the nation's creditworthiness and economic stability at the time of issuance and throughout the bond's tenure, with this particular instrument being issued within its own borders, a common practice for national governments. The bond reached its definitive maturity date on July 9, 2021, at which point it was fully redeemed at 100% of its face value, confirming that the obligation was successfully repaid to its holders. |
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