Bond Turkiye 10.5% ( TRT150120T16 ) in TRY

Issuer Turkiye
Market price 100 %  ⇌ 
Country  Turkey
ISIN code  TRT150120T16 ( in TRY )
Interest rate 10.5% per year ( payment 1 time a year)
Maturity 15/01/2020 - Bond has expired



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Minimal amount 100 TRY
Total amount 11 626 372 184 TRY
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.

An analysis of the **TRT150120T16** bond, a sovereign debt instrument issued by the Republic of Turkey, provides insight into its specifications and lifecycle within the fixed-income market. As the issuer, Turkey, a significant emerging market economy located at the crossroads of Europe and Asia, regularly engages with domestic and international capital markets to fund its national budget and strategic development projects, showcasing its role as an active sovereign borrower. This specific bond, identifiable by its ISIN **TRT150120T16**, was denominated in the local currency, the Turkish Lira (TRY), and originated from Turkey as its country of issuance. Historically, it carried a fixed interest rate of 10.5%, offering a predefined return to investors. The total volume of this particular issuance reached 11,626,372,184 Turkish Lira, representing a substantial capital mobilization effort by the Turkish Treasury. With a minimum purchase size established at 100 Turkish Lira, the bond was structured to be accessible to various investor segments. Throughout its term, the bond featured a payment frequency of 1, indicating periodic interest distributions. The defined maturity date for this instrument was January 15, 2020. Upon reaching this maturity, the bond was quoted at a market price of 100%, signifying that it was redeemed at its par value, successfully completing the issuer's financial obligation to its bondholders. It is important to note that this obligation has now reached its maturity and has been fully repaid.